Disney+ Surpasses 100 Million Subscribers In Only 16 Months

wagnerap

Disney+ has officially passed through the 100 million global subscriber milestone.

On Tuesday, Disney CEO Bob Chapek announced the milestone. Disney+ was only released 16 months ago. “The enormous success of Disney+, which has now surpassed 100 million subscribers, has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content,” Chapek said.

Disney's streaming service has been doing extremely well with its exclusive TV series such as "The Mandalorian" and "Wandavision." According to a report from Nielson, both shows have been top performers for Disney and have incentivized sign-ups.

Disney has been vocal about its desire to expand its streaming business. In October, the company restructured its media and entertainment divisions to expand more on Disney+. Disney also announced that it plans to release around 100 TV shows and movies, with 80 percent being exclusive on Disney+.

Disney+ originally set out to reach a subscriber count of between 60 to 90 million by 2024 in November, which put the streaming service way above schedule. New forecasts predict that Disney+ will have between 230 and 260 million subscribers by 2024.

View the Full Story Here.

Comments

Economics, Finance and Investing

FEATURED
COMMUNITY