Disney+ Rockets To 50 Million Global Subscribers

Disney+ has now rocketed to some 50 million subscribers worldwide in just five months, after its launch in the U.S.

After-market trading following Wednesday's close saw Disney stock closing up a strong 7% to $108.15 on the news.

In the past two weeks, Disney+ was launched in eight Western European countries including the U.K., Ireland, France, Germany, Italy, Spain, Austria, and Switzerland.

Disney+ also became available last week in India, in conjunction with Hotstar, a free online video streaming platform. which accounts for 8 million of the 50 million Disney+ worldwide subscribers.

Disney says it looks to continue subscriber growth in other Western Europe territories as well as in Japan and Latin America later this year.



In February, Disney said U.S. subscribers for the service totaled 26.5 million. Disney launched in early November benefited from a big Verizon promotion at launch which analysts believe will total at least 10 million U.S. subscribers for Disney+ by the end of 2020.

By way of comparison, the well-established Netflix -- a competitor to Disney+ -- has some 167 million worldwide subscribers and 61 million U.S. subscribers.

In the U.S., Disney+ is regularly priced at $6.99 a month. A trio package of Disney streaming platforms -- Disney+, ESPN+ and Hulu (on-demand) services -- is priced at $12.99 a month.

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