Thursday, May 30, 2013

Despite Strong Early Numbers, Netflix Stock Drops After ?Arrested Development? Debut; Parents Also Angry Over Lost Kids Shows

NETFLIX, INC. LOGOMaybe Netflix's original content isn't quite ready yet, after all. Today, a spate of bad news for the streaming service: its "Arrested Development" reboot failed to impress TV critics, and shares fell 5 percent as a result this morning. Meanwhile, angry parents are giving Netflix hell for its decision to drop popular kids' shows like "Dora the Explorer" and "SpongeBob Squarepants" from its network - a result of the company's decision to end its licensing deal with Viacom, as previously announced.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/0H_aWOV3IhU/

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