Netflix Makes Some History With Showing at Emmys; Emmy win could boost Netflix’s prestige in Hollywood as an outlet for high-quality original series and further encourage writers, producers and actors to consider Netflix projects at a time when competition for talent among TV networks is as fierce as ever

Updated September 23, 2013, 12:18 a.m. ET

Netflix Makes Some History With Showing at Emmys

AMOL SHARMA And ALEXANDRA CHENEY

If Hollywood wasn’t already taking Netflix Inc. NFLX +2.73% seriously, it is now. The streaming video service scored a win at the TV industry’s Emmy Awards on Sunday night as David Fincher took the best director prize for political drama “House of Cards.” It marked the first victory in a major category for an online video distributor. The Emmy win could boost Netflix’s prestige in Hollywood as an outlet for high-quality original series and further encourage writers, producers and actors to consider Netflix projects at a time when competition for talent among TV networks is as fierce as ever.But despite the milestone for Netflix, high-profile cable channels racked up victories, too, showing their continued strength in the face of new competition.

With excitement building for its series finale on Sept. 29, AMC‘s AMCX +0.59%“Breaking Bad” won the best drama award for the first time. Anna Gunn took the prize for best supporting actress for her role in the show, which centers on a chemistry teacher who turns to the drug trade when he is diagnosed with cancer.

Vince Gilligan, creator of “Breaking Bad,” complimented his competition in the category, noting the “golden age of television we feel so proud to be a part of.”

Time Warner Inc.’s TWX -0.16% HBO had a strong showing. Julia Louis-Dreyfus, star of HBO political comedy “Veep,” won for best actress in a comedy series, her fourth Emmy award, while Jeff Daniels took the prize for best actor in a drama for his performance in “The Newsroom.” The HBO movie “Behind the Candelabra” took home three awards.

HBO’s main rival, Showtime, also had a very good night, winning multiple awards for counterterrorism thriller “Homeland,” including for Claire Danes in the best-actress category.

The Emmys once were a showcase for the best broadcast TV. Then cable networks started grabbing the lion’s share of awards with increasingly ambitious programming in recent years. And now Netflix and other online players represent a new wave of competition.

No broadcaster was nominated in the best-drama category for the second consecutive year, a sign of how much competition major networks face from basic cable channels, premium cable and now Netflix.

Gareth Neame, executive producer of PBS’s “Downton Abbey” and the coming NBC series “Dracula,” said in a recent interview broadcasters “are being forced to catch up to Netflix and cable channels” by making edgy, serialized dramas.

Broadcasters did have continued success in comedy categories. ABC’s “Modern Family” won for best comedy for the fourth consecutive year. Jim Parsons won his third best actor award for his portrayal of a quirky scientist in CBS’s hit “The Big Bang Theory,” and NBC’s “30 Rock” won a writing award.

Critically acclaimed shows that were nominated for multiple awards but didn’t win included HBO’s “Girls” and AMC’s “Mad Men.”

The 65th Emmy awards, aired on CBSCBS -0.87% were held at the Nokia Theatre in Los Angeles and were hosted by actor Neil Patrick Harris, who stars in the CBS comedy “How I Met Your Mother.”

CBS Corp. Chief Executive Leslie Moonves made an appearance in the recorded opening as a security guard letting Mr. Harris into the complex.

Mr. Harris said the night would celebrate TV and then clarified that with a comic nod to how the industry is changing. “For our younger audience, that’s the thing you watch on your phones,” he said.

The broadcast included tributes to actors who died this year, including Jean Stapleton of “All in the Family” and Cory Monteith of the Fox musical comedy “Glee.”

Kevin Spacey appeared in character as the machinating congressman he plays on “House of Cards,” taking credit for sabotaging the host. “It’s all going according to my plan,” he said into the camera. Mr. Spacey was in contention for the best-actor award but lost to Mr. Daniels.

Mr. Fincher’s win for Netflix’s “House of Cards” may validate, at least in part, the unorthodox approach the company took to developing the series. It committed $100 million for two seasons of the show upfront, without requiring a pilot as networks generally do. And it distributed all 13 episodes of the first season at once to facilitate binge-viewing.

At last week’s Creative Arts Emmy awards, Netflix took top honors for casting in a drama and cinematography in a single-camera series.

Netflix’s decision not to disclose viewership figures for its programs has been controversial in Hollywood. In the absence of that information, some TV executives have questioned how popular Netflix’s acclaimed shows like “House of Cards” really are, even as many express admiration at what Netflix has been able to produce.

Netflix says it has no reason to release ratings since its programming is commercial free and it has no advertisers to impress. “Netflix really plays by their own rules,” Ryan Kavanaugh, CEO of the studio Relativity Media, said recently. “We’ve come to accept them as a contender,” he added.

Netflix has more than 37 million subscribers globally, including over 28.6 million paying customers in the U.S.—roughly on par with HBO. Investors so far are buying into the company’s strategy of making big investments in its original programming and licensing of popular TV shows, even though the company isn’t yet generating big profits.

For the second quarter, Netflix reported net income of $29 million on revenue of $1.07 billion. Its shares have been on a tear all year, up 238%.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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