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At Disney investor day today, CEO Bob Chapek announced that, as of December 2nd, Disney+ had 86.8 million subscribers. Subsequently, direct-to-consumer executive Rebecca Campbell announced that Hulu has 38.8 million subscribers and ESPN+ has 11.5 million subscribers.
At a price of $6.99 per month, that is about $7 billion in revenue for Disney+ alone. (Actual revenue is probably lower than that because subscribers can pay $69.99 for a year or bundle with Hulu and ESPN+ for a lower rate.)
For comparison, Netflix had 195.5 million subscribers as of the third quarter of 2020. Netflix has obviously been around for years longer than its competition. Disney+ launched in November of 2019.
Disney executive Kareem Daniel announced that there are plans for 10 Star Wars series and 10 Marvel series to be released directly on Disney+. While Disney will still release some blockbuster films for exclusive premieres in theaters going forward, they are clearly very focused on providing a lot of content directly to consumers.
It was also announced that Disney+ and ESPN+ will be available through Comcast set top boxes.
Update: Disney+ will be increasing from $6.99 per month to $7.99 in March of 2021.
2 CommentsLeave a Reply
Wait for the after one year price hop
I thought they were broke? Didn’t they layoff 100k workers because Covid made them?