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As of today, Netflix now has a higher market cap that Disney.

Posted on 7/1/20 at 9:14 pm
Posted by agregime1
Member since Mar 2015
1265 posts
Posted on 7/1/20 at 9:14 pm
Funny people on this board convinced me Netflix was done after the Obama deal.

quote:

Valuations today: Netflix: $211 billion Disney: $205 billion Valuations at start of year: Disney: $260 billion Netflix: $140 billion


Posted by slackster
Houston
Member since Mar 2009
85481 posts
Posted on 7/1/20 at 9:18 pm to
The Disney valuation really makes little sense comparatively considering their content library. The parks will come back eventually. Their cable arm will be fine, and they own Hulu too.
Posted by Capstone2017
I love lead paint- PokeyTiger
Member since Dec 2013
2235 posts
Posted on 7/1/20 at 9:22 pm to
Netflix's value as a stock comes from it being the biggest and really first streaming service. Disney, HBO, Amazon, and many others now have streaming services. Let's see how long they remain at the top, before getting cocky. Covid had a lot to do with all the increase in value for Netflix, that won't last and neither will Netflix being more valuable than Disney. For the last 3 years Netflix has had negative cash flow.
This post was edited on 7/2/20 at 7:22 am
Posted by Purple Spoon
Hoth
Member since Feb 2005
18037 posts
Posted on 7/1/20 at 9:28 pm to
I’m not sure the parks will be as successful as they used to be. Disney became unique for its Magical theme. An aura of childhood wonder.

When you sell out to the boardroom and start pandering to the latest social cause, that starts to fade and before long it’s just an expensive arse six flags.
Posted by Brosef Stalin
Member since Dec 2011
39362 posts
Posted on 7/1/20 at 9:35 pm to
Everybody's watching Netflix now because theaters are closed. Wait until theaters and Disney theme parks open again and they start rolling out Marvel movies and Disney will be back on top.
Posted by danilo
Member since Nov 2008
20476 posts
Posted on 7/1/20 at 10:14 pm to
Couple very quick googles tell me there are 70 million Netflix subscribers in US and 128 million households. Impressive.
This post was edited on 7/1/20 at 10:15 pm
Posted by sgallo3
Dorne
Member since Sep 2008
24747 posts
Posted on 7/1/20 at 10:26 pm to
Hard to believe netflix is worth more than Disney, which owns a shitton of networks including espn and has theme parks and all that.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 7/1/20 at 10:28 pm to
quote:

Hard to believe netflix is worth more than Disney, which owns a shitton of networks including espn and has theme parks and all that.


Disney loses money on a bunch of shite they own. Netflix has a huge US subscriber base and holds international rights to a ton of stuff, like the last dance. That aired on Netflix outside the US
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10061 posts
Posted on 7/1/20 at 10:34 pm to
Netflix has more Woke Capital. Disney will be forced to walk into the razor for that racist Savages song in Pocahontas.
This post was edited on 7/1/20 at 10:35 pm
Posted by Dandy Lion
Member since Feb 2010
50264 posts
Posted on 7/1/20 at 10:35 pm to
What was the Obama deal?
Posted by Desert King
Member since Oct 2018
1936 posts
Posted on 7/1/20 at 10:36 pm to
Another crazy one:

Tesla is now worth Boeing x 2.
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8287 posts
Posted on 7/1/20 at 11:08 pm to
As of today, Tesla’s market cap surpassed Toyota. Last I looked this evng my shares were approx $1140. My July 10 calls will be beautiful.
This post was edited on 7/1/20 at 11:11 pm
Posted by MrWalkingMan
31st Parallel North
Member since Aug 2010
6545 posts
Posted on 7/1/20 at 11:10 pm to
Where are they getting all this money from? Most people with Netflix are piggybacking off of someone else’s account
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8287 posts
Posted on 7/1/20 at 11:11 pm to
Advertising is up too.
Posted by slackster
Houston
Member since Mar 2009
85481 posts
Posted on 7/1/20 at 11:15 pm to
quote:

As of today, Tesla’s market cap surpassed Toyota. Last I looked this evng my shares were were approx $1140/ea


Yolo
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40909 posts
Posted on 7/1/20 at 11:16 pm to
Disney getting killed on all fronts of their business

Parks mostly closed

ESPN getting killed, have been down for years due to less people subscribing to cable.

Theaters closed

Disney+ was just rolling out and was losing money.
Posted by Capstone2017
I love lead paint- PokeyTiger
Member since Dec 2013
2235 posts
Posted on 7/2/20 at 12:05 am to
There 328 million people in the U.S, they don't have a large a percentage as that stat shows.
Posted by BregmansWheelbarrow
Member since Mar 2020
2694 posts
Posted on 7/2/20 at 6:20 am to
quote:

Disney+ was just rolling out and was losing money.


I watched everything I wanted to watch on there in a month and unsubscribed. I’ll probably pay for another month when the second season of mandalorian comes out.
Posted by Man4others
Member since Aug 2017
2073 posts
Posted on 7/2/20 at 6:24 am to
I actually sold NFLX this week and added to my DIS position
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