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
Netflix Investors Not Thrilled by Arrested Development
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)

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. (More Arrested Development stories.)

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