Less than five months after it launched, Disney Plus has 50 million subscribers
Disney last reported, meaning it’s packed on more than 21 million net new subs in roughly two months.
The 50 million figure is well ahead of the company’s own forecasts — and those of Wall Street. Disney, in unveiling thefor investors, had pegged a goal of 60 million-90 million global subs by the end of fiscal 2024 . Disney Plus may hit that target four years early. Later in 2020, Disney plans to continue expanding Disney Plus throughout Western Europe, as well as across Latin America and Japan, according to Kevin Mayer, chairman of Walt Disney Direct-to-Consumer & International.
The Mouse House previously had said it wouldn’t release Disney Plus figures outside of its quarterly financial reports. But the huge response the streamer received in the eight new European countries and India — reflecting pent-up demand in those markets — clearly prompted Disney to brag about the news of hitting the 50-million milestone as soon as possible. Disney’s shares popped more than 6% in after-hours trading Wednesday.
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Streaming service Disney+ crosses 50 million paid subscribers globallyWalt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid users, with 8 million of them coming from India where the video streaming service was rolled out last week.
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Disney+ Passes 50 Million Subscribers In First Five MonthsI’m an assistant editor at Forbes covering media and entertainment. I previously worked on the Forbes Billionaires list, and have written for Dow Jones, CNBC.com and MSNBC. Tips to ashapiroforbes.com.
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Disney+ has already racked up 50 million subscribersDisney's new streaming service Disney+ has hit a milestone, racking up 50 million subscribers worldwide since its launch five months ago.
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