Netflix Is Worth More Than Every Other Major Media Company Except Disney

Netflix (NASDAQ: NFLX) once stated its goal is to become HBO faster than HBO can become it. Netflix has transformed from a DVD-by-mail service, to a way to deliver reruns over the internet, to a full-fledged modern television network all in the span of a decade. There's no question the Netflix of today is a media company in the same vein as Disney (NYSE: DIS) or HBO parent company Time Warner (NYSE: TWX).

And following Netflix's surprise price increase and better-than-expected third-quarter results, the market is valuing it more highly than just about any other media company. Disney, with its huge intellectual property portfolio and theme park business, is the only media company with a bigger market cap than Netflix now. But does Netflix deserve such a high valuation?

Image source: Netflix.

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Source: Fool.com