It seems that Disney Plus’ momentum won’t be slowing down any time quickly, with the streaming service reaching 100 million subscribers worldwide, as revealed by Disney CEO Bob Chapek through the firm’s annual shareholders assembly yesterday.
Last month, Disney reported a subscriber-base of 94.9 million, and it is possible that the latest launch of Disney Plus in Singapore, together with the addition of its new Star model in a number of non-US territories, had been contributing components to the enhance in new members.
Most impressively, the large milestone was arrived at lower than a year and a half after the service’s launch, far exceeding Disney executives’ authentic projections of 60-90 million subscribers by 2024.
Full steam forward
According to Chapek, the corporate has “set a target of 100-plus new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic.”
The CEO went on to clarify that “The enormous success of Disney Plus has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content.”
“Our direct-to-consumer business is the company’s top priority, and our robust pipeline of content will continue to fuel its growth,” famous Chapek, and it isn’t laborious to see why – as reported by Variety, the progress of Disney Plus has pushed the corporate’s inventory worth to document highs, closing out at $201.91 on Monday, which is a important leap from its $79 worth again in March 2020.
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