Disney+ hits 95 million subscribers

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Disney said Thursday that its Disney+ streaming service racked up nearly 95 million subscribers as of Jan. 2.

The Mouse House reported the news as part of its first-quarter earnings report.

Disney+, which launched in November 2019, exceeded the company’s initial subscriber goal of 60 million to 90 million by 2024. The company now expects Disney+ will have 230 million to 260 million subscribers by 2024.

As the pandemic has raged, Disney+ has benefited from consumers sitting indoors streaming its movies and TV shows. In the fall of last year, the company began restructuring its media and entertainment divisions to focus more on Disney+.

The rapid growth of Disney+ has been helped by Disney Plus Hotstar in India and Indonesia, which accounts for about 30 percent of the streamer’s total customers. Nonetheless, on day one Disney+ launched with 10 million sign-ups and by the end of the first quarter, it secured nearly 27 million subscribers.

Last December, Disney rolled out plans for around 100 film and television projects, around 80 percent of which are set to go directly to Disney+. This includes nearly a dozen Marvel series and more than 10 Star Wars shows.

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