Netflix NFLX has recently unveiled the trailer for A-List to Playlist, a captivating series set to debut on Aug 30. The show shines a spotlight on Cho Jung-seok as he takes a leap from the silver screen to chase his lifelong dream of being a singer-songwriter. The trailer teases an emotional odyssey brimming with challenges, moments of inspiration, and ultimately, triumph, as Cho embarks on the arduous path towards his musical ambitions.
The stellar lineup of the show boasts renowned names such as Gummy, Dynamic Duo, Kim Ea-na, and Kong Hyo-jin, who will serve as guiding stars, offering both their expertise and tough love to help Cho unearth and hone his musical prowess. Furthermore, the trailer hints at the appearance of superstars IU and Park Hyo-shin, further fueling the lofty expectations surrounding the series.
Going beyond musical and emotional depths, the series promises to showcase Cho’s comedic side, thanks to the antics of Jung Sang-hoon and Moon Sang-hoon, his comedic partners, who are set to inject humor and levity into the show’s more intense moments.
Netflix, Inc. Performance and Anticipations
The Zacks Rank #3 (Hold) Netflix has laid out its content plans for 2024, focusing on Korea’s burgeoning streaming market. The lineup features a robust array of K-dramas, underscoring Netflix’s dedication to diverse storytelling, which is poised to boost revenues in the APAC region in the upcoming periods. Check out the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Netflix’s APAC revenues in 2024 stands at $4.28 billion, signaling a 13.3% year-over-year surge. Notably, 2023 showcased the dominance of Korean content on Netflix, emerging as the most-watched non-English content, featuring notable series like Doctor Cha, Blood Hounds, The Glory and Queenmaker.
The future K-drama slate encompasses new seasons of fan-favorites like Squid Game and Gyeongseong Creature, alongside promising new series such as The Frog, Mr. PLankton, Devil May Cry, and Hellbound. These diverse offerings, bolstered by star-studded casts, highlight Netflix’s persistent commitment to delivering captivating Korean drama content.
Despite Netflix’s flourishing presence, it faces stiff competition from industry giants such as Amazon AMZN, Fox‘s Tubi, and Disney DIS. Nonetheless, Netflix has outshined this year, with a 38.4% year-to-date increase, in contrast to the Consumer Discretionary sector’s 2% decline. This trend outpaces the returns of AMZN and Fox’s FOXA, which have posted gains of 16.5% and 33.3%, respectively. DIS, however, faced a 1.1% loss year-to-date.
In Closing
Netflix’s strategic focus on regional content augurs well for its long-term growth trajectory, even as competition intensifies across the streaming landscape.
Furthermore, Netflix’s foray into regional content has not only fueled international expansion but also diversified its content offerings across various regions globally, including Korea, India, Mexico, Spain, Italy, Germany, Brazil, France, Turkey, and the Middle East.
The Zacks Consensus Estimate projects Netflix’s Q3 2024 earnings per share at $5.07, marking a 37-cent uptick in the past month. The 2024 earnings estimate stands at $19.08 per share, reflecting a 73-cent increase over the same period.