#SVOD: @Variety — @DisneyPlus Rockets To 86.8 Million Subscribers

Los Angeles, CA (Variety) — Disney Plus reached a new milestone, just over a year after its debut, hitting 86.8 million paid subscribers worldwide as of Dec. 2. That's within shouting distance of the high end of the 90 million customers Disney originally expected to land — in year four of the streaming service's life.

The new sub count is up 13.1 million from the last reported number of 73.7 million paid subscribers globally for Disney Plus as of Oct. 3. The service has become an even more critical pillar for Disney, especially as the COVID crisis has depressed box office and theme park revenue.

Disney CEO Bob Chapek made the announcement at the outset of its 2020 investor day event Thursday, saying the explosion of Disney Plus has exceeded the company's “wildest expectations.” During the presentation, execs also announced that a huge swath of new originals will be coming to Disney Plus under the Star Wars, Marvel, Disney Animation and Pixar brands over the next few years. Going forward, the goal is to have new originals premiere on Disney Plus every week.

As of Dec. 2, Disney overall had 137.1 million direct-to-consumer subscribers, which includes 38.8 million for Hulu (up from … Todd Spangler/@Variety

Source: Variety, full story


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