Netflix Investors Not Thrilled by Arrested Development
Shares slump thanks in part to so-so reviews
By John Johnson, Newser Staff
Posted May 28, 2013 4:24 PM CDT
This undated publicity photo released by Netflix shows Will Arnett, left, and Jason Bateman in a scene from "Arrested Development."   (AP Photo/Netflix, Michael Yarish)

(Newser) Arrested Development diehards have finished their binging, and the first reviewers have finished their pontificating, so how has the Netflix experiment fared? By one measure, not so hot. Shares were down about 6% to $214 today, reports MarketWatch and CNNMoney. The reason, apparently, is that while the show got decent reviews, it also got some clunkers—or at least some that could most charitably be described as "mixed." Investors seem fearful that all those people who signed up for a free trial just to watch the show might not stick around for the long term. Expect Netflix to put out specifics on viewership later in the week as a way to trumpet its success.

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Showing 3 of 32 comments
May 30, 2013 8:55 AM CDT
I've had Netflix for years and while I bitched and moaned about the DVD thing, I kept the video streaming and it was a good decision. They're constantly adding new stuff and my kids love all of the cartoons and anime available. As for Arrested Development, I was a fan of the show while it was on TV and so far I'm only through half of the new season. I think it's good, but the episodes kind of drag on a little bit.
May 29, 2013 4:17 PM CDT
As a Netflix investor who got in when it hit the $70's price range. I can live with it at $214.
May 29, 2013 12:58 PM CDT
Love Netflicks got rid of Sat TV have a Roku wouldn't waste my money of cable of Sat ever again.