Netflix Briefly Tops Disney As “World’s Most Valuable Media Company” – Is It Too Soon to Welcome New King?

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Netflix officially ruled the media world when hit new stock record and briefly topped .

netflix-vs-disney-photo

Source: Getty

New Boss?

Stock market value of Netflix eclipses for the first time on Thursday. Its market value soared above $153 billion, overtaking as the most valuable media company.

But the victory was a short one, with ’s $152.03 billion value barely edging out Netflix’s $151.85 billion worth, when the markets closed.

Netflix is still in second place ahead of Comcast, which it passed Wednesday. The cable giant is now valued at about $145.5 billion.

Netflix has added millions of subscribers around the globe for the past few years. The company’s success demonstrates that its bet on original content — shows like “Stranger Things,” “Orange is the New Black, “The Crown” and “13 Reasons Why” – has paid off.

Also, recently it was announced that Barack and Michelle Obama have signed a deal with Netflix to produce films and documentaries for the TV streaming giant. The former US president and first lady will develop ideas for potential shows on service including “scripted series, unscripted series, docu-series, documentaries and features”.

The company even announced a price hike for subscribers last year, but that hasn’t slowed its growth.

also plans to launch its own streaming network. But that hasn’t hurt Netflix yet, despite the fact that Netflix airs many shows based on -owned Marvel comic book characters.

The company will spend upwards of $8 billion on content in 2018, with 85% of new spending being poured into original programming, according to chief content officer Ted Sarandos. Netflix expects to have around 1,000 original TV shows, movies, specials and other programming on its service by year-end.

Last month, the company closed a $1.9 billion round of debt financing, its biggest to date, to fuel its content binge-spending.


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Netflix Briefly Tops Disney As "World's Most Valuable Media Company" - Is It Too Soon to Welcome New King?
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Netflix Briefly Tops As "World's Most Valuable Media Company" - Is It Too Soon to Welcome New King?
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Netflix officially ruled the media world when hit new stock record and briefly topped .
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