Many people claimed that Disney+ would be the death of Netflix (although we called BS on that) and in an ironic twist the streaming giant is now worth more than the House of Mouse! Yesterday, Wednesday 15th April, Netflix’s stock closed at $426.75 per share (an increase of 3.2%) – giving Netflix a current market capitalisation of $187.3 billion. Disney has a very slightly lower current value of $186.6 (Disney stock dropped 2.5%)
Obviously this likely won’t last for ever – the current Covid-19 pandemic has increased viewership around the globe giving ‘stay at home services’ like Netflix a huge boost whereas Disney have had to close their parks and their cinematic releases have mostly been postponed – this clearly has a negative impact on their earnings and subsequent value to investors.
So for now, well done Netflix on being worth more than Disney – possibly one of the world’s best known brands!