The streamer closed with a market capital of US$141.8 billion, as Disney clocked off with US$152.18 billion.
The moment remains significant, highlighting the great strides Netflix has made in the stock market this year, with many reporting on its 80% jump in the stock market just this year.
Shares in Netflix jumped to a high of $354 per share before closing on $349. At the beginning of the year shares were trading at about $200.
Netflix also jumped ahead of Comcast earlier in the week, closing on $152 billion on Wednesday as Comcast closed on $147 million.
Comcast’s recent pledge to outbid Disney for Fox assets seem to be part of the reason for the lack in confidence in the studios. The NBCU-owner is currently planning an all-cash bid to top the $52 billion Disney has offered Fox, but shareholders do not seem impressed with the move this week.
Starz channels launch on YouTube TV in the US https://t.co/tau2uU4wvz
20 June 2018 @ 16:33:55 UTC
Sony Pictures Television Networks (SPTN) is expanding into OTT in Western Europe https://t.co/1efirQxoZT
20 June 2018 @ 16:32:59 UTC
The UK government has accepted deal terms between 21st Century Fox and Sky https://t.co/jPJ5NRzb2K
20 June 2018 @ 16:32:39 UTC
Viacom secures mobile distribution deal for Paramount+ with Telenor. https://t.co/jiKCXOBSuq
19 June 2018 @ 13:31:53 UTC