Netflix Surpasses Value of CBS, Viacom as Shares Surge

Variety: Netflix stock shot up more than 13% Thursday, hitting an all-time high of $541.43 per share in early trading, after the No. 1 subscription-video player packed on about 860,000 more streaming customers than expected in the first quarter of 2015. Netflix’s big stock move gives it a market cap of more than $32 billion, making it more valuable — at the moment — than media companies including CBS, Viacom and Discovery.