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The Disney magic has cast its spell over streaming consumers faster than even the masters of the Mouse House imagined.
The Walt Disney Company revealed Thursday in its earnings announcement that its 15-month old streaming service, Disney+, totaled 94.9 million subscribers adding 21 million new customers for the quarter ending January 2. The number is not only well ahead of analyst expectations, but when Disney first announced the service it expected to have 60 to 90 million subscribers by September of 2024. In December during its Investor Day, Disney brass revised the projections saying the red-hot service could hit up to 260 million by 2024.
Currently, Netflix is the world s biggest direct to consumer video service with 203 million subscribers worldwide.