We know that streaming entertainment giant Netflix (NFLX) has some serious ambitions for expanding into sports. And some fresh news has emerged about its plans for the Christmas Day football games, which many hope will not turn into the kind of debacle that the Paul/Tyson fight turned out to be. But the new reports sent shares are up in Wednesday’s trading.
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The streaming games in question will feature the Pittsburgh Steelers vs. the Kansas City Chiefs, notes a USA Today report, followed by the Baltimore Ravens vs. the Houston Texans. Even better is the lineup of commentators and announcers. Ian Eagle will be the play-by-play announcer for the first game, with Nate Burleson, J.J. Watt, Melanie Collins, and Stacey Dales of NFL Network joining in.
As for the second game, Ian’s son Noah will then come in, backed up by Greg Olsen, Jamie Erdahl, and Steve Wyche. This will actually represent the first time a father-son pairing has ever called games for the same network, the report noted, and it does not stop there. Twin brothers Devin and Jason McCourty will host a pregame show, joined by Laura Rutledge.
And It Does Not Stop There
Meanwhile, word emerged about the halftime show for the event, and a new trailer has dropped for it. Featuring Beyonce herself, the event is already being called A Cowboy Carter Christmas, which will be the first live Cowboy Carter performance yet. This is set to be the lead into what is already being called a “holiday tradition,” as apparently, Netflix also has games prepared for 2025 and 2026.
And just in case you are less interested in football, an upcoming docuseries may prove more your speed. Netflix is readying Jerry Springer: Fights, Camera, Action, offering up a look at “…the murkier picture behind the entertainment facade of the destruction (the talk show) caused,” noted a report from Cincinnati.com. This one, however, will not go live until January 7.
Is Netflix Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on NFLX stock based on 24 Buys, 10 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. After a 102.53% rally in its share price over the past year, the average NFLX price target of $830.14 per share implies 11.28% downside risk.
