Connect with us

iWorld

Netflix beats Comcast in market value

Published

on

MUMBAI: Streaming giant Netflix, on its upward journey, has surpassed Comcast’s market value owing to a new record high of its stock price. Netflix’s market value stands closer to Disney now. While Netflix ended yesterday with a total market cap of $152.8 billion, Comcast ended with $147.15 billion.

Since the beginning of this year the company has been showing good financial performance. Its stock has been up 70 per cent since the beginning of 2018. Its Q1 2018 earnings report showed it making a net profit of $290 million.

Netflix has stuck a production deal with former US president and his family – the Obamas – which has led to a four per cent increase of its stock. On the other hand, Philadelphia-based cable TV conglomerate Comcast’s stock ended the day down around 2 per cent.

Advertisement

Meanwhile, Comcast has confirmed it is in advanced stages of preparing an offer for the businesses that Fox had agreed to sell to Disney. The former is gearing up to top Disney’s $52 billion (€44.4bn) offer for 21st Century Fox.

“Comcast Corporation confirms that it is considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney (which do not include the Fox News Channel, Fox Business Network, Fox Broadcasting Company and certain other assets),” it said in a statement.

“Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney. The structure and terms of any offer by Comcast, including with respect to both the spin-off of New Fox and the regulatory risk provisions and the related termination fee, would be at least as favourable to Fox shareholders as the Disney offer,” it added.

Advertisement

Also Read:

Now, Comcast in talks to buy 21st Century Fox

Comcast may renew bid for 21st CF

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

iWorld

Netflix raises US subscription prices again across all plans

Second hike in a year pushes premium tier to top of market pricing

Published

on

NEW YORK: Netflix has raised its subscription prices in the United States once again, marking its second increase in just over a year as it looks to fund a growing slate of content and new formats.

The revised pricing, updated on 26 March, lifts costs across all tiers. The ad-supported plan now stands at $8.99 per month, up from $7.99, while the standard ad-free plan rises to $19.99 from $17.99. The premium tier, which includes 4K and spatial audio, now costs $26.99, making it the most expensive standalone streaming plan currently available.

Extra member fees have also gone up, with ad-supported add-ons increasing to $7.99 and ad-free slots to $9.99. New users will see the revised rates immediately, while existing subscribers will get a notification and a roughly 30-day window before the changes take effect.

Advertisement

Notably, while prices are climbing, the features across plans remain unchanged, with no additions to screens, resolution or user benefits.

The move comes after a strong growth phase for Netflix, which added nearly 20 million subscribers in 2025 despite earlier price hikes. The streamer had also explored a potential $83 billion deal for Warner Bros. Discovery before stepping back to focus on organic expansion.

With subscriber momentum still intact, Netflix appears confident that audiences will continue to stay tuned, even as the cost of streaming keeps edging upwards.

Advertisement
Continue Reading

Advertisement News18
Advertisement All three Media
Advertisement Whtasapp
Advertisement Year Enders

Indian Television Dot Com Pvt Ltd

Signup for news and special offers!

Copyright © 2026 Indian Television Dot Com PVT LTD