Home / Street Sector / Netflix, Inc. (NASDAQ:NFLX) Substantiates Original Series Based on Brazilian Corruption Probe

Netflix, Inc. (NASDAQ:NFLX) Substantiates Original Series Based on Brazilian Corruption Probe

Netflix, Inc. (NASDAQ:NFLX) released on Friday that filming of its new original series based on current corruption examination Operation Car Wash (Lava Jato in Portuguese), will began this year in Brazil. The yet-to-be-titled series will be created and directed by José Padilha (Narcos, Elite Squad and Robocop), as well as written by Elena Soares (Xingu, Filhos do Carnaval and Casa de Areia).

Netflix VP of International Original Content, Erik Barmack stated that Netflix knows José Padilha’s talent in turning hasty-moving current events into compelling narratives and he is well placed to document this important time in Brazilian history. The series will be the second Netflix original series produced in Brazil, following dystopian Sci-Fi thriller 3% premiering after 2016.

Jose Padilha added that this project will follow judicial investigators in their journey to revealed leading corruption scheme that Brazil has ever witnessed. It was fundamental for the series to be produced in an impartial way, and I have no doubt that Netflix is the best partner for the project.

The Brazilian scandal turns around a decade-long scam linking a cartel of executives from country’s leading construction firms that conspired to inflate price of contracts with state-run oil firm Petrobras. The cartel skimmed hundreds of millions of dollars from oil firm, according to prosecutors, along with cost Petrobras billions of dollars in write-downs.

Netflix, Inc. (NASDAQ:NFLX) swings positively in street, as shares surged 0.99% to closed at $111.51 with a share volume of 11.73 Million. The stock is going forward its 52-week low with 65.53% and moving down from its 52-week high price with -16.33%. NFLX last month stock price volatility remained 2.67%. While take a short look on price to sales ratio, that was 7.08 and price to earning ration of 396.83 attracting passive investors. The firm’s current ratio calculated as 1.50 for the most recent quarter. The firm has total debt to equity ratio measured as 1.07.

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