Stock market value of Netflix eclipses Disney for first time

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Stock market value of Netflix eclipses Disney for first time

05-24-2018, 05:31 PM

SAN FRANCISCO (Reuters) - Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television.

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