Netflix Domination Pt. 2: Netflix passes Disney and is now biggest pure media company in the world by market value

Netflix passed Disney in market value and is now the most valuable media company in the world.

Shares of Netflix rose 1.8 percent Thursday, reaching a market value of $152.6 billion, according to FactSet. Disney's stock fell 1 percent and now has a market value of $151.8 billion.

Netflix is the best performing stock in the S&P 500 so far this year. Its shares are up more than 80 percent through midday Thursday, while Disney's stock is down about 5 percent.

via CNBC.com

Link: https://www.cnbc.com/2018/05/24/netflix-passes-disney-and-is-now-biggest-pure-media-company.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo

Note: And their only acquisition since their founding was buying Mark Millar's comic book company MillarWorld for less than $50M and by end of 2018 will be a $200B company and that making them the largest pure media and entertainment company in history. And their original business model was mailing DVD to the post.

Submitted May 24, 2018 at 01:00PM by snack-fu-bling https://ift.tt/2x9W21B