Support local journalism. Join the Orlando Weekly Press Club.

Thursday, May 24, 2018

Netflix is officially worth more than Disney

Posted By on Thu, May 24, 2018 at 3:06 PM

click to enlarge Graph by sfugi on Reddit
  • Graph by sfugi on Reddit
Netflix has taken the iron throne from Disney, as its shares went up and the broader market fell down.

As of Thursday morning, Netflix has retained a new market value worth $151.6 billion with Disney falling to $151 billion.



Over the last couple years, Netflix has cemented a name for itself in the entertainment industry with its millions of subscribers. It has also proved its worth and the test of time as the company has created successful original content, such as "Stranger Things," "Orange Is The New Black," and "House of Cards."
Back in October, Netflix raised its prices with the standard plan increasing from $10 to $11. Although the plan now costs only $1 more a month, that $12 difference at the end of the year had the potential to turn many people away.

But in April, CNN reported an increase of 7.4 million subscribers of Netflix and that was just the first three months of the year. Netflix has a grand total of 125 million subscribers.

To put that into perspective, CNN also reported that Hulu finally hit 20 million subscribers on May 2 – that's a 105 million difference between companies.

Disney announced in August of 2017 that it has plans to create its own streaming service and will pull its movies from third-party sites. The site is expected to launch in 2019.

Tags: , ,

We welcome readers to submit letters regarding articles and content in Orlando Weekly. Letters should be a minimum of 150 words, refer to content that has appeared on Orlando Weekly, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at feedback@orlandoweekly.com.

Support Local Journalism.
Join the Orlando Weekly Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Orlando Weekly Press Club for as little as $5 a month.

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Read the Digital Print Issue

October 20, 2021

View more issues

Calendar

© 2021 Orlando Weekly

Website powered by Foundation