Streaming platform Netflix passed Disney on Friday as the most valuable pure media company in the world. At market close on Friday, Netflix’s shares (NFLX) rose 0.57 percent, reaching a market value of $152.7 billion – $470 million more than Disney’s (DIS) after Disney rose 0.09 percent.
In just under three years Netflix’s stocks have rose more than $100 billion, from sitting at a market cap of $50 billion in July 2015 to $152 billion today. Netflix recently overtook Comcast (CMCSA) which has a current market capitalization of $146 billion, and has now overtook Disney, becoming the most valuable pure media company in the world.
Netflix is available in 192 countries around the world and is increasing its content on a daily basis, along with the number of languages the content is available in. Netflix now has more than 125 million subscribers, which accounts for 1.7% of the world’s population – and this number will continue increasing as the entertainment business is heading towards streaming.
Many A-list celebrities are moving their talents to Netflix, including Angelina Jolie who is producing and directing First They Killed My Father. Other stars include Ashton Kutcher, Idris Elba, Kevin Spacey, and Will Smith.