Earns Huge Profit As Disney+ Hits 95 Million Paid Subscribers

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Disney has reported a huge profit in its fiscal first-quarter earnings as Disney+ touched the mark of 95 million paid subscribers. This is an impressive increase when compared to the service’s last update. Disney+ added more than 21 million subscribers in the first quarter alone. Launched in November 2019, Disney+ presented it as the go-to spot for the content of Disney. This even included extended properties like Star Wars and Marvel. Despite some initial hiccups, Disney+ witnessed a constant surge in the number of subscribers. The growth got a boost by the success of The Mandalorian, its first live-action Star Wars series.

2020 has been a great year for the platform as it has a number of high profile releases. Broadway’s smash hit Hamilton and The Mandalorian season 2 are among them. Disney+ has a lot to offer this year. At the studio’s Investor Day in December, the company had said that going forward it will focus on streaming. In 2021, Disney+ is expected to have some major debuts, especially in the Marvel sector. Disney+ is also planning to launch its second Premier Access offering in March with the Last Dragon and Raya. The Last Dragon will also be available in theatres. Subscribers will also feel the presence of Star Wars with the arrival of The Book of Boba Fett in December.

The content has helped Disney+ won a good number of subscribers as it amassed 94.9 million subscribers as of January this year. The company said that the release of Soul at the end of the year aided this. The important point is that out of a total number of subscribers, 30 percent come from Disney+ Hotstar in India and Indonesia. All told, this is a considerable amount of jump in the number of subscribers. It had 86.8 million subscribers back in December last year. This has even surpassed the company’s original projection of touching 90 million within four years.

 

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