Netflix (NFLX) Stock Up, Acquires Rights to Emmy-Nominated O.J. Simpson Show
NEW YORK (TheStreet) -- Shares of Netflix (NFLX) - Get Report are climbing 1.76% to $87.40 this afternoon after the company acquired the streaming rights to 21st Century Fox's (FOXA) Emmy-nominated show, "The People v. O.J. Simpson: American Crime Story."
The FX show was recently nominated for 22 Emmy awards. It is set to begin streaming on Netflix around the release of the second season of "American Crime Story" on cable, the Wall Street Journal said.
Netflix has won the streaming rights to the show worldwide except Canada.
FX recently said that it would prefer to not have its content sold to Netflix.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, TheStreet Ratings finds weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: NFLX