Netflix Market Value Is Now Nearly as High as Disney

Streaming service Netflix's market value is starting to rival that of Disney.

This was due to Netflix ending trading on Wednesday with its stock price at $344.72. This ensured the streaming company's market cap was hovering at the $150 billion mark.

Disney ended the same day at just over $153 billion, putting the two media titans in close competition.

Netflix's new market cap also puts the company ahead of Comcast, which finished trading at $146 billion on Wednesday.

Back in April, we reported that Netflix had already overshadowed the market value of other major media conglomerates including Warner Bros., Fox, and Sony.

Continue reading…

from IGN News https://ift.tt/2LqXz6z
via IFTTT https://ift.tt/eA8V8J https://www.youtube.com/user/ScottDogGaming @scottdoggaming