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Stock impact report

Disney+ has surged past 50 million subscribers in five months [Los Angeles Times (CA)]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Disney+, the streaming service from Walt Disney Co., has passed 50 million paying subscribers in its first five months, the company said Wednesday. The service, which costs $6.99 a month, has seen 75% growth in subscribers since early February. At that time, Disney said it hit 28.6 million paying customers , mostly in the U.S. Disney launched its Netflix competitor Nov. 12 with a broad swath of classic films and new shows, such as “The Mandalorian.” Since then, the service has expanded internationally. In the last two weeks, Disney+ launched in eight Western European counties: Britain, Ireland, France, Germany, Italy, Spain, Austria and Switzerland. Disney did not say how many of the added subscribers were from outside the U.S. However, the company said 8 million of Disney+'s subscribers are in India, where the service is offered in conjunction with the existing Hotstar service. “We’re truly humbled that Disney+ is resonating with millions around the globe, and believe this bodes well Show less Read more
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