Disney+ now has 95 million subscribers

[F-22Raptor]

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.

https://www.cnbc.com/2021/02/11/disney-says-it-now-has-94point9-million-disney-plus-subscribers.html

 

[Hamartia Antidote]

 

[EasyNow]

Dude this is the most overrated service ever. They have benefitted from covid, the memberships will not last - mark my words.

I myself had it all summer then cancelled it. Not enough content, too focused on children, star wars and marvel. And most have been mediocre at best.

If you are investing in this stock, you will lose. I prefer Tencent Music (TME) an absolute juggernaut that similarly overachieved on subscribers, revenue - and most importantly - profit. The company is massively underpriced in comparison and unlike other Chinese stocks had no political risk (it's part owned by Spotify, and owns 10% of Universal Music)

 

[Skull and Bones]

Mandalorian saved it, Netflix and HBO/Hulu are way better than Disney+.

 

[hussain0216]

Not enough for adults

Star wars is superb, the Marvel stuff is watchable too and admittedly it has all.the classic and new Disney cartoon stuff

I was going to cancel my subscription but they are launching its "Star" service in a week's time and it will.have a more Netflix feel for adults and because of when my yearly subscription ends I can get it at the older cheaper price


So I might just keep it for one more year, I share my sub with my sister anyway so I only pay half

 

[That Guy]

Dude this is the most overrated service ever. They have benefitted from covid, the memberships will not last - mark my words.

I myself had it all summer then cancelled it. Not enough content, too focused on children, star wars and marvel. And most have been mediocre at best.

If you are investing in this stock, you will lose. I prefer Tencent Music (TME) an absolute juggernaut that similarly overachieved on subscribers, revenue - and most importantly - profit. The company is massively underpriced in comparison and unlike other Chinese stocks had no political risk (it's part owned by Spotify, and owns 10% of Universal Music)

Disney+ deals with shows, not music. That's like comparing fruits to fighter jets.

 

[Dual Wielder]

That's like comparing fruits to fighter jets.

Just out of curiosity which would You pick?

 

[RPK]

Including Hotstar sub?

 

[Goritoes]

What they are doing with Marvel cinematic universe is amazing I hope they keep up.

 

[That Guy]

Just out of curiosity which would You pick?

The fruits vs fighters, or TME vs disney+?

I'd choose fruits for the first, because I'm pretty sure the taxes I'd have to pay on the fighter would bankrupt me.

I'd also choose disney+, only because I haven't used the other service, and I also like Mandalorian.

 

[KAL-EL]

Mandalorian saved it, Netflix and HBO/Hulu are way better than Disney+.

HBO MAX is really good

Really looking forward to Justice League “the Snyder cut”

 

[EasyNow]

Disney+ deals with shows, not music. That's like comparing fruits to fighter jets.

It's not a comparison of fruits Vs fighter jets - it's a comparison in 2 stocks as I mentioned.

And both are subscriber focused media streaming companies.

 

[F-22Raptor]

Dude this is the most overrated service ever. They have benefitted from covid, the memberships will not last - mark my words.

I myself had it all summer then cancelled it. Not enough content, too focused on children, star wars and marvel. And most have been mediocre at best.

If you are investing in this stock, you will lose. I prefer Tencent Music (TME) an absolute juggernaut that similarly overachieved on subscribers, revenue - and most importantly - profit. The company is massively underpriced in comparison and unlike other Chinese stocks had no political risk (it's part owned by Spotify, and owns 10% of Universal Music)

Disney+ had a lack of content last year but that is changing. Just watch their Investor Day conference, they have many new shows in the pipeline.

Disney is not HBO or Netflix, nor do they intend to be. Their focus is on Marvel, Star Wars, Disney live action, and animation. Those are the culturally dominant properties. Mandalorian is a worldwide hit, and now Wandavision is the talk of the world. And Marvel has Falcon and the Winter Soldier, Loki, What IF, Ms Marvel, and Hawkeye to follow in 2021.

Disney+ will only continue to grow from here.

 

[Type59]

Good for kids. Plenty of cartoons.

 

[fallstuff]

Its just waste of money !