SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Netflix (NFLX)
NFLX 548.91+1.6%Apr 15 3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Glenn Petersen2/11/2021 9:30:14 PM
   of 2021
 
Disney says it now has 94.9 million Disney+ subscribers

PUBLISHED THU, FEB 11 20214:09 PM EST
UPDATED THU, FEB 11 20218:22 PM EST
Sarah Whitten @SARAHWHIT10
CNBC.com

KEY POINTS

-- Disney+ now has more than 94.9 million subscribers.

-- Last quarter, the company said its streaming service will have 230 million to 260 million subscribers by 2024.

Disney announced Thursday that its streaming platform surpassed 94.9 million subscribers. The company announced the number as part of its earnings report for the December quarter. The company’s stock was up about 2% after hours on the news.

Disney+ exceeded the company’s initial subscriber goal of 60 million to 90 million by 2024 back in November, forcing it to reforecast. The company now expects Disney+ will have 230 million to 260 million subscribers by 2024.



Disney has seen rapid growth in subscribers since its launch in November 2019. On day one, the company had 10 million sign-ups and, by the end of the first quarter, the service had secured 26.5 million subscribers.

As the pandemic raged on, keeping consumers indoors, Disney+ jumped from 33.5 million subscribers in its second quarter to 57.5 million in its third.

In the fourth quarter, the company surpassed 73.7 million subscribers. Disney updated that figure during its December investor day, saying that the service had reached 86.6 million subscribers.

Disney does not break out the number of subscribers that have signed up for the service individually versus those that have arrived at the service through bundles or one-time promotions.

These strong subscriber numbers come as Disney has pushed heavily into streaming. In October, the company began restructuring its media and entertainment divisions to focus more on Disney+.

In December, Disney shared plans for around 100 film and television projects, around 80% are set to go directly to Disney+. This includes nearly a dozen Marvel series and more than 10 Star Wars shows.

Story Link
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext