Netflix Passes Disney in Stock Market Valuation
- 6 years ago
The stock market value of Netflix has eclipsed the Walt Disney Company.
The video-streaming service is now valued at $153 billion, making it the most valuable entertainment company according to Wall Street.
But their blossoming stock value is also indicative of an emerging trend in entertainment consumption.
Viewers are tuning into streaming services, not television channels.
And they are preferring a night in, watching movies on demand, instead of heading out for a night at the theater.
The video-streaming service is now valued at $153 billion, making it the most valuable entertainment company according to Wall Street.
But their blossoming stock value is also indicative of an emerging trend in entertainment consumption.
Viewers are tuning into streaming services, not television channels.
And they are preferring a night in, watching movies on demand, instead of heading out for a night at the theater.