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Disney+ Hits 54.5 Million Paid Subscribers as Sign-Ups Surge Due to COVID-19

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Last month, Disney announced it had hit 50 million paid subscribers worldwide. During the company’s second-quarter earnings release today, the company said there are now 54.5 million Disney+ subscribers worldwide.

At the end of Q2, there were 33.5 million Disney+ subscribers as of March 28, 2020. On April 8, Disney announced it had reached a milestone of 50 million subscribers, suggesting a huge surge of sign ups due to COVID-19. That’s a gain of 17.5 million subscribers in just 11 days.

Since April 8, Disney+ added another 4.5 million paid subscribers worldwide, for a total of 54.5 million worldwide as of May 4, 2020.

Disney said “growth in TV/SVOD distribution results was due to sales of content to Disney+ driven by The Lion King, Toy Story 4, Frozen II and Aladdin.”

Disney Q2 saw the number of Disney+ subscribers surpass its Hulu brand, with the latter having a total of 32.1 million subscribers at the end of the quarter.

Compared to Netflix, Disney+ still has a ways to go to catch up, but is off to a fast start since launching back in November. Check out the chart below from CNBC:

Netflix vs disney

Click here to sign up for Disney+ in Canada—it’s $8.99 per month after a free trial period.

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