Thursday, May 24, 2018

Cord-cutters for the win: Netflix just passed Comcast in market value


Netflix announced a production deal with President Barack Obama and First Lady Michelle Obama earlier this week. Investors must have found the news enticing, because now the streaming media titan has passed Comcast in market value. What’s up: Bloomberg reports Netflix, for the second time this week, is worth more than telecommunications company Comcast – perhaps best known for its mutually-beneficial relationship with former Verizon laywer Ajit Pai. This time, however, there could be some staying power in Netflix’s lead. Facing an impending threat from Disney’s upcoming streaming service, Netflix has more than doubled down on its production spending, and…

This story continues at The Next Web

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