Disney+ Passes 50 Million Subscribers in Five Months!
The Great Shut-In of 2020 has devastated many businesses, including The Walt Disney Company. However, one of Disney’s most important initiatives continues to excel beyond all expectations.
Disney+ Is a Massive Success
According to The Hollywood Report, Disney+ has now crossed 50 million subscribers worldwide. As a reminder, early forecasts predicted a total of ten million subscribers during the first year of Disney+.
We’ve known for a while that the service is wildly popular. It reached 28.6 million subscribers in record time. Still, the reason for the latest growth stems from two other areas.
Disney+ is now available in several new countries, including India, where eight million people have signed up in less than one week.
Disney executives also deserve a great deal of credit here. They boldly chose to bring Frozen 2 and Onward to Disney+ well ahead of schedule. The company did this due to the oddity of stay-at-home orders in many countries right now.
With people stuck in their homes and desperate for entertainment, Disney tried to capitalize by enhancing its programming. The results speak for themselves. Presuming that the company’s prior statements hold, the company is now earning more than $250 million per month from Disney+
Disney desperately needs that revenue to counteract some other losses. So, the stunning triumph of Disney+ comes at a perfect time. As long as Disney continues to grow its subscriber base, Disney+ could become one of the most profitable ventures in the entire company.
Disney+ also has plenty of room to grow. Netflix had 167 million subscribers as of January 2020 and has probably grown some due to the Great Shut-In.