Award Nominations Are a Precursor to a Great 2018 for Netflix

There are many ways to gauge the quality of movies and television programs, including the plethora of awards that are given out every year. The Golden Globe -- bestowed by the members of the Hollywood Foreign Press Association, and the Screen Actors Guild or SAG Awards, are two high-profile examples that are thought to be predictive of potential for other nominations and awards.

Investors in streaming pioneer Netflix, Inc. (NASDAQ: NFLX) have had a lot to celebrate so far this year. In its third-quarter 2017 earnings release, the company reported that its worldwide subscribers grew to 109.25 million, up 26% compared to the prior-year quarter. Revenue has followed subscribers, increasing 30.3% year over year to $2.98 billion. Earlier this year, the company revealed that international streaming subscribers had surpassed domestic customers for the first time.

If this year's award nominations are any indication, 2018 will be a banner year as well.

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Source: Fool.com