$NFLX had a mixed weekend, they were able to attract 60 million to watch the Jake Paul v Tyson fight (although the real fight was the undercard) but $NFLX had buffering issues.....possible growing pains here as their servers were not able to handle the traffic.
I would assume that $NFLX would make sure this never happens again
And likely there will be more Live events like this, if they continue to be 'free' (no additional costs for an otherwise PPV event), they should attract more customers because this additional perk is definitely adding value.
That being said, I would doubt $NFLX is an outlier and does not pull back with the market when it corrects so I believe it will offer value after a pull back
Right now, the 0.5 Fib at $500 looks attractive to add.