Disney+ Rebounds As Service Hits 116 Million Subscribers

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Disney+ has reached 116 million subscribers, which is set to be announced today’s earnings call with the company, where Disney CEO Bob Chapek will give insight about the streaming service’s growth. The streamer added 12.4 million global customers in the latest quarter, jumping up from the 103.6 million subscribers announced in May. This news comes after Disney+ missed expectations with their net additions for the first three months of the year, though it initially boomed in 2020 amid pandemic lockdowns.

According to these latest numbers (and those announced earlier this year), Disney has beat its original projections to secure between 60 and 90 million subscribers within four years. The platform has soared past that goal in just a year and a half — the service launched in November 2019. Disney+ crossed 103 million subscribers in Q2 of 2021.

Within the last few months, Disney+ has debuted a handful of popular releases, including LokiHigh School Musical: The Musical: The Series Season 2, Luca, Cruella, and What If... Later this year, series like Hawkeye and Ms. Marvel are set to debut, with films like Happer Than Ever: A Love Letter to Los Angeles and Shang-Chi and the Legend of the Ten Rings also set to hit the streamer by year’s end. That’s in addition to potential new seasons of The Mandalorian, and spinoff The Book of Boba Fett.

With a whopping 116 million global subscribers, Disney+ is continuing the gap between streaming giant Netflix, which reported 209 million subscribers at their Q2 2021 earnings release. This is a substantial slowdown compared to the streamer’s rapid 2020 growth, but the news comes after a year and a half of delayed productions due to the pandemic. Disney+ has topped Hulu, which has nearly 40 million subscribers, and HBO Max, which comes in at 44.2 million.

The streamer’s growth has come even with new price hikes, adding a dollar to make the cost $7.99/month as of March 26. The June quarter, Disney’s fiscal Q3 2021, marks the first period to fully reflect Disney+’s price hikes this spring.

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