Netflix is Fastest-Growing American Brand of 2019 - Brand Finance US 500 Ranking Revealed
-- Doubling in brand value over the past year, Netflix grows faster than any other brand in the US-- Amazon defends top spot with record brand value of $187.9 billion, followed by Apple and Google-- Home Depot enters the top 10 while many retail brands, including 8th Walmart, face stagnation amid changing customer preferences-- Brand Finance's Brand Strength Index places Deloitte as the strongest brand in the US, scoring 91.2 out of 100
NEW YORK and LONDON, March 28, 2019 /PRNewswire/ -- Netflix is the fastest-growing brand of 2019, according to the latest report on the most valuable brands of the US by Brand Finance, the world's leading independent brand valuation consultancy. With brand value growing by a whopping 105% over the past year to $21.2 billion, Netflix is set to play the lead role in home entertainment, building a disruptive business as a universally accessible narrowcaster and effectively challenging traditional broadcasting brands.
"Netflix delivers high-quality and varied programming to anyone with internet access and a credit card. The platform has embarked on a disruptive approach to media services and now has incumbents in the market looking over their shoulder," said Alex Haigh, Valuation Director at Brand Finance.
With the media industry feeling the effects of tech disruption, another rapidly growing digital media brand is YouTube (up 46% to $37.8 billion) this year jumping ten spots to 13th nationally. Like Netflix, YouTube is building a broad platform for video content, in an effort to leverage its brand from merely peer-to-peer video creation and sharing to also include a growing premium and professional video library.
Among traditional media brands and performing considerably better than its peers, Disney enters the top 10 nationally on the back of its M&A activity and diversified product strategy. Fresh off the acquisition of 21st Century Fox, the Disney brand jumps 40% in brand value to $45.7 billion.
Holding onto the prime spot, Amazon features once again as the most valuable brand in the US, growing nearly 25% to an impressive $187.9 billion.
Traditional tech giants, Apple (2nd, $153.6 billion) and Google (3rd, $142.8 billion) remain entrenched in their positions, after a year of scrutiny that has led to questions about the sector having reached a saturation point. With a 47% increase in brand value to $119.6 billion, Microsoft moves into 4th position and is the fastest-growing brand among the top 10 most valuable, after the company's successful turn towards a cloud-centric business model. With all eyes turned to 5G, AT&T drops down a spot to 5th position, after a modest 6% brand value increase over past 12 months to $87.0 billion.
Aside from calculating brand value, Brand Finance also determines the relative strength of brands using a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance.
Though Facebook holds onto its spot as the 6th most valuable brand in the Brand Finance US 500 2019, its brand strength suffered the second worst decline among the top 100 brands, resulting in a brand rating downgrade from AAA+ to AAA- after a year of privacy issues that have landed the company in the hot seat.
Professional services firm Deloitte tells a different story as the year's strongest brand, boasting a BSI (Brand Strength Index) score of 91.2 out of 100 and an elite AAA+ rating.
Behind tech, dominating the Brand Finance US 500 ranking as the largest industry with a combined brand value of over $1 trillion, the retail sector comes in second with $340.5 billion. Eighth-ranked Walmart (up 10% to $67.9 billion) is the nation's most valuable brick-and-mortar retail brand, as it continues to push the boundaries of its physical store and logistics network. Home Depot (up 39% to $47.1 billion) jumped from 11th to 9th rank overall while its rival Lowe's saw its brand value go up 49% to $23.9 billion.
"This year, Amazon's brand is worth approximately half of the combined value of the 42 retail brands in the ranking. The retail industry is another sector at a crossroads as tech giants and online sellers encroach upon the traditional business model with a completely new proposition. Legacy retailers will need brand revolutions to match the needs of modern consumers," Haigh concluded.
About Brand Finance
With offices in over 20 countries, Brand Finance is the world's leading independent brand valuation and strategy consultancy.
Brand Finance helped craft the internationally recognized standards on Brand Valuation, ISO 10668, and Brand Evaluation, ISO 20671.
Additional insights, information on methodology, and definitions of key terms are available in the Brand Finance US 500 2019 report.
Data compiled for this report is provided for the benefit of the media and is not to be used for any commercial or technical purpose without written permission from Brand Finance.
Erika Eyl
Communications Manager, US
T: (917) 794 2924
M: +52 55 1401 8596
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SOURCE Brand Finance
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