Netflix Is Now Worth More Than Disney
Investors have sent Netflix's (NASDAQ: NFLX) share price soaring as demand for home entertainment has boomed amid social distancing efforts to curb the spread of the novel coronavirus. At the same time, shares of Disney (NYSE: DIS) have been pummeled by the market -- so much so that Netflix's market cap is now greater than the media giant's.
The two companies go head to head in film and television production as well as streaming, but Disney's exposure to theatrical distribution, the television advertising market, retail sales, and its massive theme parks business have investors worried.
Here's what Netflix's market cap surpassing Disney's suggests about both companies.
Source Fool.com
