Disney announced on Tuesday its streaming service, Disney+, has topped 100 million paid subscribers since its launch 16 months ago.
The news was announced at Disney’s Annual Meeting of Shareholders by Bob Chapek, Chief Executive Officer.
“The enormous success of Disney+ —which has now surpassed 100 million subscribers—has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content,” Mr. Chapek said in an issued statement.
“In fact, we set a target of 100+ new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. Our direct-to-consumer business is the Company’s top priority, and our robust pipeline of content will continue to fuel its growth,” added Chapek.
Back in February, Disney announced in its Q1 earnings Disney+ had hit 94.9 million paid subscribers. The company also noted moving forward, it would no longer share Disney+ subscriber numbers, now that the service was a year old. Disney CFO Christine McCarthy did say the company would report on major milestones, which we have here today.
Disney+ launched back in November 2020 and is also available in Canada, where it recently debuted new content from Star. The streaming service is now available in 59 countries worldwide.
