Netflix Stock Surges to New 2019 High after Roma Headlines 4 Oscar Wins

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Netflix is kicking Hollywood’s butt, scooping up four Oscars during Sunday’s Academy Awards. Roma Notches Three Oscar Wins Its original features won Oscars in key categories, with three coming from prestige picture “Roma.” The Oscar coup proves that the $12 billion Netflix spent on original content in 2018 is paying off, at least in the eyes of Hollywood. The wins come on the heels of a rate hike from Netflix. The streaming service has several rivals, including Hulu, that are trying to carve out more market share in the booming space. “Roma,” which is about the plight of a domestic

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