Walt Disney Co’s (DIS) Disney+ streaming service surprisingly has gathered strong interest from adults who do not have kids at home which has substantially increased subscriptions.
Disney+ launched in November 2019, has exceeded Wall Street expectations and the company’s forecast. Disney is known for family entertainment, Disney+ also features movies and TV shows from Marvel, “Star Wars” studio Lucasfilm and others.
As of Jan. 2, Disney+ stood with 94.9 million customers worldwide. Half of those living in households without children, informed CEO Bob Chapek, a higher proportion than what was expected.
“What we didn’t realize was the non-family appeal that a service like Disney+ would have. In fact, over 50% of our global marketplace don’t have kids” stated Chapek via online video to the Morgan Stanley Technology, Media and Telecommunications Conference.
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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