Netflix Passes Disney And Comcast To Become The Most Valuable Media Company In The World

Netflix Passes Disney And Comcast To Become The Most Valuable Media Company In The World

Despite the company's cinematic domination, Disney has been overthrown as the most valuable media company in the world by Reed Hastings NETFLIX. Make the jump for a more detailed breakdown of the numbers.

By FromACertainPOV - May 25, 2018 10:05 AM EST
Filed Under: Netflix
Source: Variety
It can sometimes seem that Disney, with its ownership of PIXAR, LucasFilm and recent bid for FOX, is an unstoppable goliath of a corporation. Just this week, however, the company met their David -  at least in terms of value - as Variety is now reporting that NETFLIX has surpassed Disney to become the most valuable media company in the world. 

According to the report, when the market closed on Thursday the streaming platform was up 1.3% with a share worth $349.29 and a market cap of approximately $161 billion. The House of Mouse, meanwhile, fell by 0.7% leaving their market cap at $152 billion. Comcast, which recently sought to outbid Disney for the acquisition of 20th Century Fox, was passed by Netflix a few days prior.

NETFLIX has certainly proven to be the little service that could, changing the way we consume our televisual media, offering unique and quality programming and attracting high profile talent like Martin Scorsese and David Fincher. It seems only fitting that the company that has reformed our media landscape is also the most valuable. 

What do you think? Has NETFLIX changed the way you view media? Have you given up on cinemas all together? Does the House of Mouse still hold a place in your heart and your pocket? Leave your thoughts below. 

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CaptainAmerica
CaptainAmerica - 5/25/2018, 11:11 AM
Lmfao thought it was gonna say they made a bigger offer for Fox.
Kman
Kman - 5/25/2018, 11:12 AM
I thought they were in a ton of debt?
Forthas
Forthas - 5/25/2018, 11:16 AM
I thought it was more valuable than Disney's "Streaming Service" only! Not the whole company.
Spidey91
Spidey91 - 5/25/2018, 11:16 AM
all hail our Netflix overlords
Nightwing1015
Nightwing1015 - 5/25/2018, 11:23 AM
There is no way that Netflix is more powerful than Disney in the long run. At the end of the day, Disney has the most popular properties in entertainment. And many of Netflix's most popular shows and movies are from Disney such as the Marvel stuff.
TheUnworthyThor
TheUnworthyThor - 5/25/2018, 11:25 AM
And this is why the concerns of Disney becoming a monopoly are ridiculous. It’s 2018. Netflix, Amazon, Google, Facebook and Apple are making the old big six paradigm obsolete.
knocturnalzen10
knocturnalzen10 - 5/25/2018, 11:33 AM
is it because of the chilling aspect ?
Spiderpool
Spiderpool - 5/25/2018, 11:34 AM
Not even close when it comes to brand value. Disney #8 Netflix #55.

https://www.forbes.com/powerful-brands/list/#tab:rank
grif
grif - 5/25/2018, 12:13 PM
whatever. hey can we get some real news here. there is pretty much nothing worth looking at on the front page
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