Disney today announced that Disney+ now has more global paid subscribers than 118million. In the last quarter, the streaming service gained 2.1 million subscribers and 44.4 millions subscribers over the past 12 months.
Disney+ was 73.7 million subscribers in November 2020. This is an incredible growth rate over the past year. Since its launch in November 2019, Disney+ has exceeded all expectations. Since its launch in November 2019, Disney+ has exceeded all expectations. Its original goal was to reach 60-90 million subscribers by 2024. This milestone was reached before 2020.
Disney expects to reach 230-260 million global subscribers by 2024. If Disney achieves that goal, Disney+ would have more subscribers than Netflix today. Netflix currently has 213.5 million global subscribers as of October 2021.
Netflix and Disney+ are the two most popular streaming services with more subscribers than other services such as Hulu or Apple TV+. Hulu boasts 43.8 million subscribers, while Apple TV+ has never had a comparable number of subscribers.
Apple TV+ and Disney+ were launched simultaneously, but Disney+ has experienced much faster growth due to its back catalogue of Disney, Marvel and Star Wars content along with new shows like "The Mandalorian," WandaVision," and "Loki."
Apple is making great efforts to increase its original TV shows and movies, but Apple TV+ will need to build a catalogue that can compete with other streaming services.
Apple CEO Tim Cook stated that Apple TV+ was doing "very well" in April and that Apple is "really happy" with where Apple TV+ stands.
