Disney Plus Rockets to 86.8 Million Subscribers

Variety2020-12-11

Disney Plus has reached a new milestone, just over a year after its debut, hitting 86.8 million paid subscribers worldwide as of Dec. 2. That’s up more than 13 million from the last reported number of...

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2020-12-11
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The streaming service, which has blown past Disney’s original growth forecasts, has become an even more critical pillar for Disney, especially during the COVID crisis that has depressed box office and theme park revenue.\nDisney CEO Bob Chapek made the announcement at its 2020 investor day event Thursday, saying the explosion of Disney Plus has exceeded the company’s “wildest expectations.”\nAt its investor day in April 2019, Disney projected 60 million-90 million subscribers for Disney Plus by the end of its fiscal year 2024 (which ends around Sept. 30).\nThe media conglomerate first launched Disney Plus in November 2019. The service quickly gained traction, signing up 10 million by the day after launch and zooming to 50 million subs in its first five months. 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