Netflix Is Now Worth More Than Disney

Lloyd Doyle
May 26, 2018

Netflix, the streaming service giant that is continually producing such original sci-fi content as Altered Carbon, Black Mirror, Stranger Things, Bright, Lost in Space, Dark and The Rain, saw its stock reach a record high of $351.09 per share as of 12:15 p.m. EDT on Thursday, giving the company a market cap of almost $162 billion.

Netflix soared past Walt Disney Co. in market value Thursday, taking the title of most valuable media company from the film, TV and theme-park giant.

The advance underscores the high confidence investors have in the future of the world's largest paid online video service. As of now, Netflix is valued at about $153 billion - $1 billion more than Disney's $152 billion. Comcast is the largest cable provider in the US and parent of NBCUniversal, which owns film studios, pay-TV networks and theme parks. Last year, Netflix surpassed the market capitalization of Time Warner - target of AT&T's still-pending takeover.

Netflix was founded in the USA in 1997 as a DVD rental service and made its stock market debut five years later with about one million subscribers.


The company is predicted to have around 360 million subscribers by 2030. Today, for the first time, Netflix became the world's most valuable entertainment company (via The New York Post), knocking Disney down to second.

The Los Gatos, California-based streaming company is spending billions on programming to attract new viewers, prompting concerns among some analysts. Up 82 percent in 2018, Netflix is the top performing stock in the S&P 500 and has led the index three of the past six years.

Netflix remains much smaller than Disney in terms of its financials, and operates at a lower net margin. Disney's stock is down roughly 5% year-to-date. The media company will be launching a streaming service next year, which will feature its vast library of films, while also delivering all-new movies and TV series.

Other reports by Iphone Fresh

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