Netflix now most valuable media company

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Netflix has claimed the title of most valuable media company in the world.

Value of the company rose last week pushing the firm’s market value to more than $153bn.

The new price briefly eclipsed rival Walt Disney.

Netflix, founded in 1997, debuted on the stock market in 2002 as a DVD rental service with less than one million subscribers.

Today, it boasts 125 million streaming memberships in more than 190 countries, with people tuning in for more than 140 million hours each day.

Its share price has more than doubled in the past 12 months, as the firm announced it was investing billions in original shows and movies, including a production deal with Barack and Michelle Obama.

10 Responses

  1. I understand it clearly, but it says, ‘…140 hours each day.’, but there is only 24…

  2. Well… This was just the inevitable. Also NetKIX it means that every user added up equals 140 million hours each day.

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