Netflix, Inc. (NASDAQ:NFLX) may be a major mover following tonight’s Emmy awards, according to analyst and investor Jim Cramer. During a segment on CNBC today, Cramer said he believes that a win or wins for Netflix, Inc. (NASDAQ:NFLX) tonight (and specifically for their new prison dramedy series Orange Is the New Black) will result in a jump in the stock’s already hefty value.
“When a company wins an Emmy, big deal, right? No, not this one. This is Netflix, and Netflix is becoming just the way you get your cable bill: ‘oh, I see I paid $5 for ESPN.’ So what? You’re going to pay 9 bucks from Netflix, more people are going to sign up just because the Emmy’s are going to be an ad for Orange Is the New Black, the second most-pirated show of all-time according to the Washington Post, after Game of Thrones. So watch Netflix again. It does go up on Emmy’s; unbelievable, but it does,” Cramer said.
Netflix, Inc. (NASDAQ:NFLX)’s stock soared $30.00 in the week and a half following last year’s Emmy’s, when they became the first non-TV network ever to win an award, for their drama series House of Cards. House of Cards scored 3 awards, including best director, though it was shut out of some of the other major categories it was nominated in and for which it was expected to have a very good chance to win.
This evening could be even grander for Netflix, Inc. (NASDAQ:NFLX), which has 31 nominations, more than twice as many as last year, split largely between House of Cards and Orange Is the New Black. The decision to submit the latter in the comedy category as opposed to drama, for which it also qualified, appears to have been a shrewd one. Critics are predicting the daring comedy could topple four-time defending comedy series champion Modern Family. It also prevents Netflix’s two major series from having to compete against each other.
Legendary activist investor Carl Icahn is one of Netflix, Inc. (NASDAQ:NFLX)’s largest shareholders. His hedge fund Icahn Capital Lp holds 1,764,907 shares in the online streaming service.
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