Netflix Market Cap Surpasses Disney Amid ‘Stay at Home’ Orders
- Stock has struggled with closed theme parks and theaters
- Streaming video seen benefitting from people remaining home
Photographer: Jason Alden/Bloomberg
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Walt Disney Co. shares have tumbled amid the coronavirus pandemic, and the sell-off has resulted in a smaller valuation than video-streaming company Netflix Inc., a reflection of what segments of the media ecosystem are favored in an uncertain environment.
Thus far this year, Disney shares have dropped more than 40%, compared with a gain of 9.2% in Netflix. Based on their most recent close, these moves have given Netflix a market capitalization of about $158 billion, compared with Disney’s $154.8 billion valuation.