Disney+ Tops 50 Million Paid Subscribers Globally
April 08 2020 - 8:13PM
Dow Jones News
By Maria Armental
Walt Disney Co. reported more than 50 million paid subscribers
world-wide for its Disney+ service some five months after its
launch in the highly competitive streaming-platform market.
Paid subscriptions got a boost from expansion in Western Europe
and India -- where it launched about a week ago as part of
Disney-owned platform Hotstar. Disney reported eight million
subscribers in India.
The service also was rolled out in recent weeks in eight
European countries, including the U.K., France and Spain.
Subscribers can bundle Disney+ with ESPN+ and Hulu, also owned
by Disney.
Disney reported 28.6 million paid Disney+ subscribers in early
February. The company initially told investors it expected Disney+
to have 60 million to 90 million subscribers by the end of fiscal
2024.
Disney+ competes with Netflix Inc., Amazon.com Inc. and Apple
Inc.'s Apple TV+, among other providers.
Shares rose 7% to $108.50 in after-hours trading.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
April 08, 2020 19:58 ET (23:58 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Walt Disney (NYSE:DIS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Walt Disney (NYSE:DIS)
Historical Stock Chart
From Apr 2023 to Apr 2024
