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An USB key with the logo of Netflix, the American provider of on-demand Internet streaming media, is seen in this illustration photo, in Paris September 15, 2014.

Netflix briefly dethroned Disney as the world’s top media stock

$152.5 billion

Netflix and Disney are in a battle for stock market supremacy, with the streaming TV and film platform briefly overtaking its rival on Thursday.

Published   |  Photo by Reuters/Gonzalo Fuentes
An USB key with the logo of Netflix, the American provider of on-demand Internet streaming media, is seen in this illustration photo, in Paris September 15, 2014.
$152.5 billion

It was a short but groundbreaking moment for Netflix, which saw its market value rise to $152.5 billion as Disney dipped to $152.1 billion.

An USB key with the logo of Netflix, the American provider of on-demand Internet streaming media, is seen in this illustration photo, in Paris September 15, 2014.
$152.5 billion

That drop came as Comcast revealed its plans to make a hostile and superior bid for 21st Century Fox—which Disney previously agreed to buy for $52.4 billion in cash and stock.

An USB key with the logo of Netflix, the American provider of on-demand Internet streaming media, is seen in this illustration photo, in Paris September 15, 2014.
$152.5 billion

Market capitalization

An USB key with the logo of Netflix, the American provider of on-demand Internet streaming media, is seen in this illustration photo, in Paris September 15, 2014.
$152.5 billion

However, Comcast is holding its bid until regulators rule on the Justice Department’s lawsuit against AT&T and Time Warner’s proposed merger—a gigantic deal worth $85 billion.

An USB key with the logo of Netflix, the American provider of on-demand Internet streaming media, is seen in this illustration photo, in Paris September 15, 2014.
$152.5 billion

For Disney, buying up Fox’s TV and film properties is a critical play. It’ll need the content as it enters the streaming-video space—where it’ll do battle with none other than Netflix.

An USB key with the logo of Netflix, the American provider of on-demand Internet streaming media, is seen in this illustration photo, in Paris September 15, 2014.
$152.5 billion

Netflix stock high since 2002 IPO

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