Reportedly, The Walt Disney Company’s (DIS) Disney+ streaming program has surpassed 100 million new subscribers, reaching the 9-digit subscriber mark in only 16 months of operations as its users continued to grow during the pandemic. The news was welcomed by Disney CEO Bob Chapek during the company’s annual shareholder meeting this week.
The latest growth also marks an increase from the 94.2 million subscribers Disney last reported less than one month ago.
“The enormous success of Disney+, which has now surpassed 100 million subscribers, has inspired us to be even more ambitious,” stated Chapek during the company’s virtual meeting.
Disney informed at its investor day in December that it expects to grow between 230 million-260 million global subscribers by 2024 end, raising its initial figures from the 60 million to 90 million the company anticipated in 2019.
Disney+ is expected to become a profitable business segment by fiscal 2024 after the company’s direct-to-consumer business segment containing Disney+ lost $2.8 billion in fiscal 2020. CEO Bob Chapek revealed that the company remains on target to add at least 100 new titles per year to the platform including Marvel, Disney Animation, National Geographic, and Star Wars through its various studios.
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. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
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