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Disney Slips as Netflix Holds Sway at Emmy Awards By Investing.com

© Reuters.

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 was down 0.6%, outperforming a broader market undermined by fears about U.S. monetary policy and a possible debt crisis in China. It won more Emmys than any other rival, network or platform, for the first time ever, grabbing 44 awards in all.

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.

The Hollywood giant, known for its animations, theme parks and cruises, had 166 nominations across 85 categories and 38 titles at Emmy. 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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