Disney+ Passes 57 Million Paid Subscribers

In August last year, Disney was preparing to overwhelm D23 attendees with marketing materials and promotional discounts for soon-to-launch streamer Disney+. Now, the service is one of the few bright spots for a company that has watched its legacy businesses crumble amid the coronavirus pandemic.

Nine-month-old Disney+ added 24 million subscribers during the spring quarter, bringing its total base to 57.5 million paid subs, Disney disclosed Tuesday. Streaming video has been a lifeline for parents of young children who don’t have school or summer camp for education and entertainment during long work days. Disney+, which focuses on providing family-friendly programming, moved up the streaming release of some titles, including, to offer more options for its subscribers while they spend extra time at home. During the April to June period, it also made blockbusters available on the service for the first time.

With the Nov. 12 launch of Disney+, Disney has become a formidable player in the streaming video space, though it still trails industry leader Netflix, which has 193 million subscribers worldwide. The service picked up 19 in late July, the most for any newly launched streamer, including an outstanding drama series nod for Jon Favreau's Star Wars-setLooking across its streaming portfolio, Disney now has 100 million paying subscribers, CEO Bob Chapek said Tuesday, calling it "a significant milestone and a reaffirmation of our [direct-to-consumer strategy], which we view as key to the future growth of our company." Disney-owned Hulu, which is only available in the U.S., currently has 35.

NewsFlash: Coronavirus is NOT the reason Disney’s mainline business has crumbled!!

“Crumble” GTFO!

Great! Sooooo... why can’t Disney pay their employees?

doh!

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