Netflix at new highs after strong oscar performance. However does this news actually raise fundamentals?

If you followed Oscars closely, its not merely just headline news about NFLX winning awards for Alfonso Cuaron's Roma.

NFLX's overall win comes- because it validates their ability to continuously generate original content for its suscribers, in an age where rivals: Disney, WarnerMedia, NBCUniversal and others are snatching back their own content to help feed potential audiences for their own competing streaming services.

NFLX made a huge bet on a small pool of A-list directors and although missing out on the most contended- Best Picture, NFLX's acheivements considering its status as the new kid on the block, putting existing movie giants to shame.

NFLX has proven its ability from previous successes to produce mainstream media. Now, this success paves the way for future artistic firm producers to aspire listing their shows on NFLX's platform for its unparalled audience reach. The movie and entertainment industry is just beginning to change, and I believe NFLX is positioned at the forefront. So while this news might not change Fundamentals per-se, its validates shareholders who see long term value and growth in NFLX.

No it does not.

Maybe people trade on news causing the share price to go up. But these are just speculations.