Netflix has been dropped from the list of the top 100 companies on the US Nasdaq exchange and Discovery and Liberty Global have been added.

Netflix’s share price has risen and fallen dramatically in recent times following key events including an aborted plan to split its service into separate streaming and delivery offerings and its ongoing international roll out.

The 100 Index covers the largest companies on Nasdaq, outside of the finance and financial services sector.

Netflix will be removed from the top 100 Index on December 24 along with a handful of other companies including Electronic Arts and RIM.

Accordingly, other companies including Discovery Communications and Liberty Global were added to the Index, which already includes the likes of Google, Facebook and Apple.