Netflix Passes Disney To Become World’s Most Valuable Media Company

<img src="https://" /><p><a href=""><strong>Netflix</strong> </a>is officially the most valuable media company in the globe after it surpassed Disney's total valuation thanks to boosting of stocks to record highs yesterday. It came as no surprise considering that market people have been closely following the trend. Nevertheless, it's still a welcome development for Reed Hastings and his team over at the Los Gatos-based entertainment company.</p><p>Despite the snafu at Cannes 2018, which prohibited Netflix-Original movies to participate in the competition due to the ruling that requires films to be rolled out in French cinemas before they can be acknowledged as participants, Netflix continues to grow around the world. Currently servicing 125 million paying subscribers as of April, the streaming company is available in more than 190 countries. For the first quarter of 2018, the company has reportedly posted $3.7 billion in revenue and $290 million in net income – an impressive 63% increase from the previous year.</p> <strong>Click to continue reading <a href="">Netflix Passes Disney To Become World's Most Valuable Media Company</a></strong><br /><br /> <p>The post <a rel="nofollow" href="">Netflix Passes Disney To Become World's Most Valuable Media Company</a> appeared first on <a rel="nofollow" href="">ScreenRant</a>

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