TV

Netflix’s Market Value Is Now Bigger Than CBS And That’s A Big Deal

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CBS has boasted ratings giants like The Big Bang Theory and Two And a Half Men over the years, but recently, Netflix topped CBS in its market value.

Only a few years ago, Netflix was nowhere near competing with CBS’s market value, but in 2014, the streaming and DVD/Blu-ray mail rental service closely trailed CBS and just recently surpassed it:

CBS’s rivals in broadcast TV are all housed within bigger media conglomerates (although the company also owns cable channel Showtime and various other publishing, radio, and internet assets).  For example, NBC is owned by Comcast, the gigantic cable company; ABC is part of the Disney empire and Fox is owned by 21st Century Fox, Rupert Murdoch’s film, TV, and cable colossus.

Netflix remains far smaller than all of them.

CBS might have seen this coming. Last year, they launched their own paid streaming service for $5.99 a month, compared to Netflix plans starting at $7.99 a month.

With all the love for Daredevil, a new season of Orange is the New Black only a few months away, and a fourth season of House of Cards guaranteed, Netflix is feeling pretty good about 2015. This might call for a freeze-frame Breakfast Club air punch.

(Source: Quartz)

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