Disney+ Hits 138 Million Subscribers

Alex Weprin, reporting for The Hollywood Reporter:

Disney once again beat Wall Street expectations last quarter in streaming, adding 7.9 million Disney+ subscribers, and suggesting that the company may be positioned to take a lead in what has become a cutthroat race to the top in streaming.

While Wall Street expectations for Disney+ were varied, a midpoint expectation was 4.5 million to 5 million adds.

I’d classify this as “not surprising at all but interesting”. This is exactly what you’d expect from Disney — they weren’t first to streaming, but once they went in, they went in hard and they’re going to where their customers are, not demanding that their customers come to them.

Wednesday, 11 May 2022