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NET GAINS

Netflix is worth more than Disney, thanks to coronavirus

A scene from the Netflix show Ozark
Netflix
A bittersweet victory.
From our Obsession
The Third Age of TV
If the first age of television was defined by broadcasters and the second by cable, the third age of TV is dominated by streaming.
  • Adam Epstein
By Adam Epstein

Entertainment reporter

For only the second time ever, Netflix is worth more than Disney. But this time, it could stay that way for awhile.

Netflix’s stock surged to an all-time high yesterday, putting the streaming service’s market capitalization at $187.3 billion. Disney’s market cap, meanwhile, has plummeted in the last two months as the coronavirus pandemic ravages its movies and parks businesses.

In February, the Mouse House was valued at more than $250 billion. As of yesterday, its market cap was $186.5 billion, slightly lower than Netflix’s:

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