Mike Tyson and Beyonce are two of the most influential figures in the entertainment industry, and when they lend their star power to a company like Netflix, it’s bound to have a significant impact. On Monday, Netflix stock skyrocketed to a record high as the streaming giant announced that both Tyson and Beyonce would be featured in upcoming events.
One of the main reasons for the surge in Netflix stock was the announcement that over 60 million households tuned in to watch the highly anticipated boxing match between Jake Paul and Mike Tyson. The fight drew a global audience of 65 million viewers, making it one of the most-watched events in the history of live streaming.
In addition to the main event, the co-main event featuring Amanda Serrano and Katie Taylor was also a huge success, attracting around 50 million viewers worldwide. Both fights took place at AT&T Stadium in Arlington, Texas, further solidifying Netflix’s position as a premier destination for live sports and entertainment events.
Despite the overwhelming success of the boxing matches, Netflix did face some criticism for technical difficulties experienced during the event. According to reports from the New York Times, over 500,000 users reported issues with streaming the fights on Netflix, leading to concerns about the platform’s ability to handle large-scale live events.
In response to the criticism, Netflix announced that they would be making improvements to their streaming infrastructure to ensure a smoother viewing experience for future events. The company remains committed to delivering high-quality content to its subscribers and is constantly working to improve its platform to meet the demands of its growing audience.
In addition to the boxing matches, Netflix also made headlines with the announcement that Beyonce would be performing a halftime show during one of their Christmas Day NFL games. The Houston Texans will host the Baltimore Ravens at NRG Stadium, with Beyonce set to deliver a live performance of songs from her latest album, “Cowboy Carter.”
The decision to bring Beyonce on board for the halftime show is a strategic move by Netflix to attract a wider audience to their live streaming events. Beyonce’s star power and massive fan base are sure to draw in viewers from around the world, further cementing Netflix’s position as a global leader in the entertainment industry.
Christmas Day will be a big day for Netflix, with two NFL games scheduled to air on the platform. The first game will feature the Pittsburgh Steelers facing off against the Kansas City Chiefs at 1 p.m. Eastern time, followed by the Baltimore Ravens taking on the Houston Texans at 4:30 p.m. Eastern.
The excitement surrounding these upcoming events has investors bullish on Netflix’s stock, with shares closing at 847.05 on Monday, representing a 2.8% increase for the day. The stock hit a record high of 848.45 earlier in the session, reflecting the overwhelming optimism among investors about Netflix’s future growth potential.
Netflix’s stock is included in two prominent lists: the IBD 50 and the Big Cap 20, further underscoring its status as a top performer in the market. With the star power of Mike Tyson and Beyonce behind them, as well as a growing catalogue of high-quality content, Netflix is well-positioned to continue its upward trajectory and solidify its position as a leader in the streaming industry.
