Wednesday, June 26, 2013

The Walt Disney Company is Now Valued "World's Largest Media Company"

At about the halfway mark of the year, big media companies -- including long-suffering Sony -- all have experienced gains. And all but one of the seven major entertainment conglomerates have outpaced the 10.3 percent rise notched by the S&P 500 in the time period. Many smaller entertainment stocks have trounced that benchmark, with Lionsgate up 66.4 percent to $27.29 and perennial yo-yo DreamWorks Animation up 46.6 percent thanks to the success of The Croods.

Netflix, which premiered the original series House of Cards, Hemlock Grove and Arrested Development in the first half of 2013, was rewarded with a huge 132.9 percent stock increase to $215.60 (with a market cap of $12.1 billion). A weakness in cable has made Comcast a laggard among conglomerates, though it has bested Time Warner Cable, up 4.1 percent, and Cablevision Systems, up 1 percent.


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