Disney’s subscriber growth continues to exceed management expectations, which were only recently upgraded at the December 2020 Investor day. The growth in Disney’s subscribers is a testament to the quality of its content and the strength of the Disney franchise. The streaming opportunity is significant, and management expect to reach 300 to 350 million subscribers globally by 2024 across their brands of Disney+, Hulu, ESPN+.
“Disney plus has exceeded even our highest expectations in just over a year since its launch with 94.9 million subscribers as of the end of the first fiscal quarter. ESPN Plus and Hulu who have also performed well with 12.1 million and 39.4 million subscriptions respectively.”
CEO Robert Chapek 12 February 2021
Between the 2019 and 2020 Investor day, management increased their FY2024 assessment of subscribers by 188 million primarily due to the explosive growth of Disney+.
“We have the ability to interconnect the story lines and characters in unprecedented ways as we saw with the Mandalorian and WandaVision into the broader Star Wars and Marvel franchises.”
Robert Chapek 12 February 2021
We look forward to providing further updates on Disney as it executes its vision of bringing high quality content to an engaged and growing global customer base.
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