It's Netflix's World, Disney Just Lives in It

www.bloomberg.com

Netflix, a DVD-rental-turned-online-streaming service, an 11-year-old app that charges $11 a month is worth more to investors than the legacy conglomerates that earn billions more from TV advertising, box-office hits and cable and internet packages. In fact, Netflix jumped at least one traditional media giant in market value each year since 2015. Netflix is now the most highly valued company in the media industry, although, market value is a function of stock price, and in the case of Netflix, that price is based more on investors’ hopes than concrete financials. 

Companies mentioned: Disney (-3%), Comcast (-20%) , TimeWarner (+4%), Netflix (+88%)

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