Disney Slips as Netflix Holds Sway at Emmy Awards By Investing.com
By Dhirendra Tripathi
Investing.com – Disney stock (NYSE:) traded 1.7% lower in Monday’s premarket a day after it lost out big time to streaming rival Netflix (NASDAQ:) and others at 73rd Emmy Awards.
Netflix stock dropped 0.6% in Monday’s premarket, beating a wider market that had been affected by worries about U.S. monetary policies and the possible debt crisis in China. The series won more Emmys than any competitor, platform or network, and took home 44 awards.
Disney+’s drama series ‘The Mandalorian’ tied for the most nominations with Netflix’s ‘The Crown’ at 24 and drew a blank. ‘The Crown’ won the award for the outstanding drama series.
It is well known for animated films, cruises, and the theme parks they operate. Emmy nominees included 166 in 85 categories, and 38 titles. This included nominations from its other streaming platform, Hulu, as well as National Geographic, ABC and 20th Century.
Disney+ won 14 awards in all, including for its film version of the Broadway smash Hamilton, which won the ‘Outstanding variety special—pre-recorded’ award. WandaVision, the series from Disney’s Marvel Studios, was snubbed, despite 23 nominations. It lost out to Netflix’s ‘The Queen’s Gambit’ in the ‘limited series’ category.
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