Netflix (NFLX) Expands Its Production Hub in New Mexico
NFLXNetflix(NFLX) ZACKS·2024-06-28 20:35

Netflix (NFLX) has gained 40.6% year to date against the Zacks Consumer Discretionary sector’s decline of 1%. This outperformance can be attributed to the company’s commitment to developing original content, which is expected to aid long-term growth. This Zacks Rank #3 (Hold) company is expanding its commitment with the expansion of its West Coast production facility in Albuquerque, NM, six years after initially establishing its production hub there in 2018. The new expansion includes four new soundstages, ...