Netflix briefly tops Disney as the biggest pure media company in the world by market value
Netflix briefly surpassed Disney in market value Thursday. The streaming giant revealed its current membership level was 125 million subscribers at the end of its first quarter. Netflix is the best-performing stock in the S&P 500 so far this year. Its shares are up nearly 82 percent through Thursday, while Disney's stock is down about 5 percent. Shares of Netflix rose 1.8 percent Thursday, reaching a market value of $152.6 billion, according to FactSet. Disney's stock fell 1 percent and now has a market value of $151.8 billion. Netflix closed off its highs, up 1.3 percent with a market value of $151.8 billion. Disney trimmed its losses to close 0.76 percent lower, for a market capitalization of $152.2 billion. Market values of Netflix, Walt Disney and Comcast Source: FactSet Disney is getting more aggressive in the streaming online video market to compete against Netflix. The media company rolled out ESPN+ last month, its first-ever direct-t...