Tara Lachapelle, Columnist

Netflix’s Dizzying Valuation Faces Biggest Test Yet

Disney, AT&T and Apple are coming, and this time they are really bringing the heat.

Not alone for long.

Photographer: Chris Ratcliffe/Bloomberg
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Netflix Inc. is the reigning media stock in the S&P 500 Index, but it’s going to be tough holding on to that spot.

This will be the year the company’s steep valuation will be put to the test.