Disney+ Hits 73.7 Million Subscribers Globally; India Accounts For 25% of All Users

At its Q4 earnings telephone call earlier this week, The Walt Disney Company appear that its streaming service, Disney+, had garnered 73.seven million subscribers globally every bit of October 3rd. It is an increase of over 16.ii million from the previous quarter when the service was said to have had 57.5 1000000 subscribers. Overall, the company's streaming portfolio, which includes the likes of Hulu and ESPN+, now has more than 120 million premium users, the visitor said.

A large chunk of the aforesaid growth came from Disney+ Hotstar, which launched as a combined entity in April in Bharat, followed by a September launch in Indonesia equally well. According to visitor executives quoted by Protocol, India lonely accounts for 25 pct of all Disney+ subscribers. The company, still, as well pointed out that the average monthly revenue per paid subscriber for Disney+ Hotstar in Republic of india and Indonesia is significantly lower than the subscription charges in N America and Europe.

Speaking virtually the growth of Disney+ in the US and around the world, CEO Bob Chapek said that the popularity of the service has exceeded even the visitor's own expectations. "(It has been) a real brilliant spot among the pandemic," he added. Before its launch earlier last year, the company, then headed by CEO Bob Iger, predicted that Disney+ would have sixty-90 million subscribers by 2024. Going forwards, the company expects to get a pregnant number of new subscribers from its Latin America launch, which is slated for side by side Tuesday.

In terms of the financials, the company earned $14.vii billion in revenues during the quarter, a large chunk of which came from Disney+. The number is significantly below the $19.ane million the company earned during the same quarter last twelvemonth, largely on business relationship of the pandemic and the associated slowdown in its theater and theme park businesses.