Disney+ tops 100m subs

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Disney+ tops 100m subs
MARCH 9, 2021 21.28 EUROPE/LONDON BY CHRIS DZIADUL

Disney+ has surpassed 100 million global paid subscribers in just 16 months since its launch.

The news was announced by Bob Chapek, CEO The Walt Disney Company, during the company’s virtual annual meeting of shareholders.

Chapek said: “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.

“In fact, we set a target of 100+ new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. Our direct-to-consumer business is the company’s top priority, and our robust pipeline of content will continue to fuel its growth”.

Disney+ launched in the US on November 12, 2019 and has since been rolled out in Canada, Australia, New Zealand, Europe, Latin America, and most recently, Singapore.

As previously reported by Broadband TV News, Disney launched its new general entertainment service Star last month in Australia, New Zealand, Canada and Europe. It also debuted alongside Disney+ in Singapore.

Disney+ with Star will continue its global rollout in new markets later this year in Eastern Europe, Hong Kong, Japan and South Korea. In Latin America, it will launch as separate streaming service named Star+.

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Disney+ set for over 100 new titles as it smashes 100MN subs mark
Details
Joseph O'Halloran
| 10 March 2021
Barely weeks after revealing that its direct-to-consumer service had racked up 94.9 million subscribers between 12 November 2019 and 2 January 2021, the Walt Disney Company has confirmed that Disney+ now has gone past the three-figure million-mark.
Disney Multi Brand 12Feb2021
Speaking at the company’s virtual Annual Meeting of Shareholders, chief executive officer Bob Chapek described Disney+ as an “enormous success” and confirmed that Disney+ had now attracted more than 100 million subscribers and that such a performance was inspiring Disney to be more ambitious and to significantly increase its investment in the development of high-quality content.

Specifically, Chapek revealed the firm has now set a target of over 10 new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. In addition, content from the ESPN+ sports direct-to-consumer package is now avaiable on the Hulu OTT platform. “Our direct-to-consumer business is the company’s top priority, and our robust pipeline of content will continue to fuel its growth,” he told shareholders.

After its US launch, Disney+ has rolled out rapidly across Canada, Australia, New Zealand, Europe, Latin America and most recently Singapore. At the end of its first quarter ended 2 January 2021, Disney’s direct-to-consumer business had generated more than 146 million total paid subscriptions with revenues for the quarter increasing 73% annually to $3.5 billion.