Disney+ grows to more than 60.5M subscribers

Disney+ grows to more than 60.5M subscribers

by Arianna Ardia-Wenink
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Disney+ had more than 60.5 million paying subscribers as of yesterday, according to The Walt Disney Company’s CEO Bob Chapek.

Chapek shared the number during a call to discuss the company’s latest earnings report, which covered the company’s most recent quarter ending on June 27. He was essentially offering an update on the 57.5 million paid subscriber figure included in the report, and he said the growth is “far exceeding our initial projections for the service.”

Disney+ launched in November of last year. The company previously announced in April that it had surpassed 50 million subscribers, up from its 33.5 million reported as of March 28. At the end of Q1 in December, Disney+ had 26.5 million subscribers. As part of its second-quarter results, Disney said it saw growth across all of its streaming service platforms.  Disney reported that Hulu has 32.1 million total subscribers, up from 30.4 million from last quarter and 25.2 million a year ago. ESPN+ had 7.9 million subscribers, up from 6.6 million at the end of Q1 and 2.2 million a year ago.

The coronavirus pandemic has accelerated growth for some streaming services.  Netflix added more than 10 million new subscribers in its most recent quarter, bringing its global total to nearly 193 million. As for Disney’s other streaming services, ESPN+ has grown more than 100% year-over-year to 8.5 million subscribers (as of June 26), while Hulu grew 27% to 35.5 million subscribers (3.4 million of them are paying for both video on demand and live TV).

 

[Source: Techcrunch]

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