Streaming giant Netflix (NFLX) on Tuesday announced that it is working to release the classic board game, Clue, as a reality TV competition. The update sent nostalgic excitement among investors, with NFLX stock rising over 2% to about $1,187 during afternoon trading.
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Netflix is teaming up with entertainment company Hasbro (HAS)–which owns the rights to the board game–as well as television production companies IPC and B17, both of which are under Sony (SONY), to bring the board game to life.
Have You Got a Clue?
Clue, also known as Cluedo in some countries, is a classic mystery game originally created in 1943 by British musician Anthony E. Pratt. In the board game, players attempt to unravel a murder case by trying to correctly determine who committed the murder, with what weapon, and in which room.
The game features a lineup of several interesting characters–or suspects–including military officer Colonel Mustard, cunning and attractive Miss Scarlett, intellectual and eccentric Professor Plum, and wealthy socialite Mrs. Peacock, among others.
‘A Source of Nostalgia’
Netflix described Clue as “a source of nostalgia” and wants to introduce the game to a modern audience through “a fresh, imaginative whodunit competition.” While Netflix did not state the date the reality competition show is set to be released, the company noted that it was getting closer to its launch.
“Players will step into a real-life game of deduction and deception, facing both physical and mental challenges along the way,” said Cole Delbyck, a staff writer for Netflix’s official news blog, Tudum. According to Delbyck, contestants will get money added to a prize pot if they correctly guess a suspect, but could face elimination for incorrect answers.
“Viewers can expect suspense, surprises, and plenty of red herrings,” Delbyck added.
Is NFLX Stock a Buy or Sell?
Turning to Wall Street, Netflix’s shares currently have a Moderate Buy consensus recommendation from analysts, as seen on TipRanks. This is based on 27 Buys, nine Holds, and one Sell assigned by 37 Wall Street analysts over the past three months.
However, the average NFLX price target of $1,403.03 suggests a nearly 18% possible upswing from the current level.
