Netflix's market value has temporarily surpassed Disney, which loses 30 million per day

According to foreign media reports, Netflix hit a new high in stock price yesterday, with a current market value of $187.3 billion, temporarily surpassing Disney's $186.6 billion. Affected by the epidemic, most people around the world are isolated at home, causing the ratings of streaming media such as Netflix to soar, and the stock price has followed suit.

As people around the world are quarantined at home due to the COVID-19 pandemic, streaming viewership has surged. In March 2020, the number of viewers in the United States alone increased by 109% over the previous year.

While both Netflix and Disney+ have been beneficiaries of the lockdown viewership, Disney, as a company that relies on consumers spending money in public, has lost more revenue than Netflix due to the pandemic's impact on physical stores.

Although the streaming service Disney+ will also benefit, it is not Disney's main source of income. With the release dates of many films adjusted and cinemas, stores, cruise ships and theme parks closed indefinitely, Disney is losing more than $30 million a day.