BREAKING NEWS: Disney+ Reaches 86.8 Million Subscribers
It’s been a great year for Disney+! Though the theme parks have taken a hit as a result of COVID-19, Disney’s streaming network continues to over-perform. During this evening’s Investors Call broadcast, the company announced that they have hit 86.8 million subscribers worldwide as of December 2nd.
As Variety tells us, this brings Disney even closer to hitting its high end goal of hitting 90 million customers by the time it hits its 4-year anniversary. And they did it in a year!!
The means that Disney+ subscribers are up 13.1 million since Disney gave their quarterly earnings call on October 3rd! At that time, it was revealed that there were 73.7 subscribers.
Disney CEO Bob Chapek kicked off the Investors Day conference with the announcement saying that the explosion of Disney+ has exceeded the company’s “wildest expectations.”
In addition, it revealed that Disney overall has 137.1 million direct-to-consumer subscribers. This number includes 38.8 million subscribers for Hulu and 11.5 million for ESPN Plus.
At its Investor’s Day back in April of 2019, Disney projected 60 million – 90 million subscribers for Disney Plus by the end of 2024. Having already neared the far end of the goal, Disney execs are expected to provide new forecasts during the Investors Day event taking place NOW!
As Variety points out, when Disney+ first launched last November, the service quickly gained traction. They signed up 10 million subscribers over the first day of launch and rocketed to 50 million subscribers in the first five months. Highlights of the year include the breakout series The Mandalorian as well as the broadcast of hit musical Hamilton and the release of the live-action Mulan feature.
We reported this morning on MickeyBlog that Wall Street analysts upped their forecasts for Disney Plus in advance of Investor’s Day and Morgan Stanley also revised estimates for Disney Plus to end FY 2024 with 135 million subscribers and 145 million by $145 million which means an annual yearly revenue of nearly $11 billion by FY25
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