Loop Capital Likes Netflix Based In Part On New Series "The Crown"

Can a media company’s fortunes turn on the success of one scripted series? In a December 21 report, Loop Capital’s David Miller likes Netflix, touting a price target of $151 on improved subscriber outlook, which in part is based on one of the media platform’s scripted series. Netflix has built a niche based on its unique scripted content The scripted series Miller is particularly fond of is The Crown, which Netflix is spending a record $11 million per episode for ten shows in 2017. With the average for a scripted TV show costing $3.1 million each, Netflix has spared no…