Netflix Beats Disney And Is Now The World's Largest Media Company!

posted by Ellen K -

The day has come that Netflix is officially the world's most valuable entertainment company.

The stock market value rocketed to a record of $153 billion.

Netflix stock surged 80 percent in 2018 more than any company in the S&P 500.

It has even become a must-own stock for Wall Street investors alongside Apple, Amazon.com, Alphabet and Facebook.

Disney has lost 5 percent over the past year. If you weren't aware, Disney owns some of the most valuable entertainment brands such as Marvel and Pixar. Plus operates theme parks on three continents and just offered to buy more assets from Twenty-First Century Fox for $52 billion.

Investors are paying hot prices to own Netflix's stock.

They recently traded at 98 times expected earnings for the next 12 months vs. Disney and Comcast at 14 times earnings.

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Ellen K

Ellen K

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