Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media.
Reportedly, Walt Disney’s streaming service Disney+ reached a record of 10 million sign-ups on its first day
Disney+ which was launched in the United States, Canada, and the Netherlands on Tuesday this week seems to have established the entertainment firm as a leading contender in the streaming wars against well-established industry leaders like Netflix Inc, Amazon.com Inc’s Prime Video service, Apple Inc’s Apple TV+, and others. Compared to Netflix with 60 million subscribers, Disney+ along with Hulu, which has 26.8 million subscribers, and ESPN+ with 3.5M subscribers now offers services to 40.3 million viewers in the United States. Disney plans to reach 60 million to 90 million Disney+ subscribers globally by 2024.
Although there have been some speculations over the exuberance response with the fact that how many of the new subscribers were from free promotions. As Disney and Verizon Communications Inc had announced a promotion offering all the new and existing Verizon unlimited wireless customers along with Fios and 5G home internet customers, eligible for a free, one-year subscription to Disney+.
Disney+ service costs $7 per month with an approx of 500 movies and 7,500 TV episodes from the company’s entertainment catalog, a bundled pack including ESPN+ and Hulu costs $13.
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