Netflix Widens Market-Cap Lead Over Disney Given Streaming Focus
- Disney+ not seen as offsetting pandemic hit to parks, theaters
- Ahead of Netflix results, shares are extending record highs
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Based on how Netflix Inc. and Walt Disney Co. are trading, Wall Street is more into “Tiger King” than “The Lion King.”
With the pandemic keeping audiences indoors, streaming video has emerged as the go-to entertainment option, especially as theme parks and movie theaters remain widely closed. As a result, Netflix’s market capitalization has eclipsed that of Disney by an historic degree.