Disney+ has surpassed 100 million global subscribers in just 16 months, Disney CEO Bob Chapek announced at the company’s annual shareholders meeting, which was held virtually on Tuesday.
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Disney kicked off its 2021 fiscal year much as it spent most of 2020, with the pandemic hammering many of its businesses. But Disney+ continues to be the star of the show.
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“WandaVision,” Marvel Studios’ first original series for Disney+, hits streaming this weekend. That’s excellent news for Disney+, considering that Marvel is the company’s mightiest brand. And it’s bad news for Disney’s rivals, since the new service has notched 86 million subscribers.
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“Increasingly streaming, in general, is taking a greater share of the consumer’s wallet,” Bernie McTernan, a senior analyst at Rosenblatt Securities, tells CNN Business. Here’s why.
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The streaming service Disney + netted nearly 74 million subscribers by the end of the quarter, surpassing estimates and giving Wall Street a rare reason to cheer struggling Disney.
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Last year, Disney’s then-CEO Bob Iger called Disney+, the company’s nascent streaming service, “a bet on the future of this business.” He was wrong. It’s the present.
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“The Mandalorian” premiered almost a year ago, serving as the biggest enticement to subscribe to Disney’s startup streaming service. There’s even more pressure on the live-action “Star Wars” series to deliver a big bounty to the studio. Here’s what’s happening.
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Unlike the 1983 movie adaptation of Tom Wolfe’s book – which deftly cut between the celebrated astronauts and the unheralded exploits of test pilot Chuck Yeager – the focus here is squarely on the former. The series premiers today.
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Pandemic lockdowns have given many people the time to binge watch hours of streaming, but not the ability to do so with friends. Now, Disney is looking to change that.
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