Home Movie & Series Disney + Reaches 4-Year Subscriber Count in 14 Months

Disney + Reaches 4-Year Subscriber Count in 14 Months

by tenderpuls

Disney +, the digital broadcasting platform Disney +, which increased the number of subscribers by producing productions with many popular brands, has reached its subscriber number target expected to reach 4 years after its launch in 14 months.

Considered the number one company in the entertainment industry Disney, 1st quarter of fiscal year 2021 (Q4 2020 for Turkey) shared data. According to Disney’s statements, Netflix rival digital streaming platform Disney +, 4-year subscriber base target It managed to get access only 14 months after its launch.

Estimates for Disney +, which started broadcasting in September 2019, To 90 million subscribers on its 4th anniversary It was that he would have arrived. However, as of January 2, 2021, the total number of Disney + subscribers worldwide reached 94.9 million. Moreover, the statements are that the company reached this number of subscribers before WandaVision, one of the most curious productions, was released. Therefore, with the publication of WandaVision in the middle of last month, Likely that Disney + exceeded 100 million subscribers has.

Disney’s revenues fell 20 percent from the previous year

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Disney + ‘s reaching its four-year target in 14 months resulted in an update for the future forecast. According to the statements made, the company until 2024 It aims to reach 230 to 260 million subscribers. Achieving this subscriber base goal is not impossible for a blockbuster film company like Disney. However, the company’s extensive subscription may be required to evaluate the potential opened up new markets mainly in Turkey to achieve its goals.

By the way; Although Disney has reached its 4-year goal in the digital broadcast service in 14 months, in the last quarter only $ 16.25 billion revenue was able to achieve that, which means a decline of over 20 percent year on year. As you can imagine, the most important reason for this decline is the billions of dollars lost from the movies that were not released due to the COVID-19 pandemic and the Disneylands still closed.

Source :
https://www.theverge.com/2021/2/11/22278874/disney-plus-94-9-million-subscribers-q1-2021-earnings

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