After Mixed Reviews for 'Arrested Development,' Netflix Stock Sinks -- Despite Early Signs That the Show's a Hit AP, Deadline
Wall Street seemed to view Netflix's new season of "Arrested Development" as problematic, sending shares of the stock down by more than 6% Tuesday after reviews came in for the show, reports the Associated Press.
As previously reported, early reviews were mixed, with several critics saying the frenetic pace of the original was missed. The New York Times was particularly rough, saying that Netflix had "killed" the series.
While "Arrested Development" is the third original series to debut on Netflix in 2013, it has garnered the most attention because of the popularity of the original Fox show. Netflix had also raised the idea that the new season would help woo hundreds of thousands of new subscribers, the piece adds.
Indeed, some early signs indicate that audiences flocked to Netflix to watch the fourth season of "Arrested Development," which aired exclusively on the streaming network after a seven-year absence from network television, reports Deadline.com.
Data analytics company Procera Networks said one DSL network had 36% of devices watching Netflix on Sunday viewing at least a portion of an episode of the comedy, more than triple the number for Netflix's "House of Cards" debut, the story notes.
TorrentFreak, meanwhile, noted that 100,000 people downloaded episodes of the show within the first day of release, which the story notes is significant but just one-tenth of those who pirated the season premiere of "Game of Thrones" from HBO.