Netflix shares reach all-time high

Business | Markets 6/14/2018, 7:12 PM
Netflix shares reach all-time high

Shares of entertainment company Netflix Inc. reached a record high on Thursday, doubling the value year-to-date. The subscription-based streaming service's value reached a market capitalization of $165.1 billion, which is almost $7 billion above entertainment giant Walt Disney Co. Recently, the company surpassed telecommunications giant Comcast Corp. in value.

At 6:50 pm CET, Netflix's shares advanced 3.08%, or $391.7 per share. The six-month increase was 106%.

Last month, former United States President Barack Obama and his wife Michelle signed a multi-year production deal with the Silicon Valley giant, to produce "films and series for Netflix, potentially including scripted series, unscripted series, docu-series, documentaries, and features."

Breaking the News / NI

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