'Arrested Development' Mixed Reviews Cause Netflix's Stock to Sink
The season 4 debut of "Arrested Development" has apparently brought a bad impact on Netflix. Despite the highly-anticipated return, the show's new installment didn't please many critics and it's believed to have caused the Internet streaming media's shares to fall.
On Tuesday, May 28, Netflix's stock fell by more than 6 percent to close at $214.19 as investors reacted to the mixed reviews obtained by the new "Arrested Development" episodes. Though so, IDC analyst Greg Ireland says it's too early to tell whether Netflix's latest original programming will be a hit or a flop for the company.
Netflix hasn't released the viewership number of "Arrested Development", but data collected by various sources suggested that the show fared quite well. According to broadband technology firm Procera Networks, thirty-six percent of all devices connected to Netflix via one unspecified DSL network watched "Arrested Development". It's three times the viewership "House of Cards" posted a few months ago.
The number could've been bigger if all fans watched the show through the official platform. TorrentFreak's editor reveals that the fourth season has been downloaded more than 100,000 times since it premiered on Sunday.
- Tarek and Christina El Moussa 'Desperately Trying' to Stay in the Limelight by Eying Solo Shows
- Kylie Jenner Goes Makeup Free During a Day Out With Tyga
- Listen to Lana Del Rey's Long-Awaited Dreamy Song 'Love'
- Liam Payne Is Doing Home Renovation Before Cheryl Gives Birth
- Britney Spears Bares Her Naked Body in NSFW Instagram Pic
- 'The Walking Dead' 7.11 Sneak Peeks: What Happens to Dwight After Daryl's Escape?
- Madonna's New Twins Singing 'Twinkle Twinkle Little Star' Are Just Too Cute
- Report: Louis Tomlinson Rekindles Romance With Eleanor Calder Two Years After Split