Disney Plus Racks Up 50 Million Subscribers in 5 Months [The New York Times]
Netflix, Inc. (NFLX)
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Source: The New York Times
LOS ANGELES — Disney has taken an especially hard hit from the pandemic, with its theme parks shuttered, movies postponed and ESPN cable channel without live sports to televise.But the company on Wednesday offered an upbeat update on its newest business — one that may as well have been built for home quarantining:Disney PlusBefore its November introduction, analysts expected Disney Plus to take until 2022 to reach 50 million subscribers.To compare, Hulu, now owned by Disney, has only about 30 million subscribers after 13 years in operation; Hulu has not yet been introduced overseas. The leading streaming service, Netflix, introduced in 2007, has about 167 million subscribers worldwide.“This bodes well for our continued expansion,” Kevin Mayer, Disney’s streaming chairman, said in a statement.Last month, Disney introduced the service in eight European countries and India, operating under a rollout schedule set last year. Mr. Mayer said Disney Plus would arrive in Japan and Latin Americ
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