Netflix is Close to Being Worth More Than Disney

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When people think of the entertainment industry, Disney seems to be the largest kid in the playground, but news has it that the mouse house is rivaling in value to the streaming giant that is Netflix.

According to Variety, Netflix has managed to raise its stock price by 70 percent this year. Today Netflix closed its stock at $344.72 per share; placing its market cap at $152.8 billion. That's only $500 million behind Disney which is worth 153.36 billion.

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It's said that Netflix's stock spiked up 4 percent ever since their production deal with Barack and Michelle Obama was announced. With more projects incoming from well-known artists like Guillermo del Toro and Matt Groening, who knows how much Netflix's value can still grow over the past year?

Then again, Disney also has plans to enter the streaming service game, with their own platform aiming to release in the next year. The service will also have exclusive shows much like Netflix; one of which is said to be Jon Favreau's live-action Star Wars series.

We don't know how long this rivalry will manage to last, but Disney's streaming service is sure to bring some competitive edge when it comes to going against Netflix.

See Also: First Look at Matt Groening's Netflix Show Disenchantment