Amidst the coronavirus pandemic, many online streaming services have seen a high level of engagement. One such popular service is Netflix. It has recently seen a considerable increase in its demand ever since the lockdown is in existence.
The Rising Star
It has emerged to surge higher when compared to its rival firm ‘Disney.’ Netflix has been available to the world for a very long time. However, the way the graph of the same has risen now is remarkable. It is no doubt the best streaming service available as of now.
The various series and documentaries in Netflix are the driving factors for the success of the streaming service. The recent addition of the series ‘Tiger King’ has given rise to its subscriptions.
Declining Demand?
The current situation of the company has resulted in more net worth for its co-founder and CEO Reed Hastings. The current net worth of Netflix currently stands out at around $194 billion. It has a tremendous market value when compared to that of Disney.
How hard has been Disney hit?
On the other hand, Disney seems to be hit by the current scenario. It has resulted in a fall in its net worth and is somewhere below $184 billion. However, in the year 2019, the net worth of Disney was way more than the current one. Though Disney offers a lot of unique series on its platform when compared to Netflix but not in the current situation. It is incurring heavy losses on account of closure of its theme park and the late releases of its films.
Disney’s failure will be a boon on part of Netflix. Apart from this, Netflix has a lot of different and unique content to offer to the public. The current stock of Netflix seems much higher when compared to that of Disney.
