Disney sees better-than-expected earnings, thanks to Disney+
Kaltbaum Capital Management President Gary Kaltbaum and ‘Barron’s Roundtable’ host Jack Otter on the future of Disney following the company’s recent earnings report.
Disney+ has hit a major miles stone with 94.9 million paid subscribers.
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The Mouse House made the announcement on Thursday, per Variety, citing subscriber numbers as of Jan. 2, 2021.
As of Dec. 2, 2020, the streamer boasted 86.8 million paid subscribers, meaning they jumped more than 8 million subscribers in just a month and demolished the company's original projection of earning 90 million within the streamer's first four years. Disney+ debuted in Nov. 2019.
The outlet reports that the Pixar film "Soul" — a favorite for major awards this season — helped to boot subscriber numbers, as did the second season of "The Mandalorian." Additionally, "WandaVision" debuted on Jan. 15 and could have boosted Disney+'s sub count even higher.
DISNEY+ IS ADDING UP FOR THE MAGIC KINGDOM AS SERVICES BLOWS BY SUBSCRIBER PROJECTION
The streamer is charging full-steam-ahead with originals, as a vast majority of their upcoming projects announced at their investor day presentation in Dec. are aimed at Disney+.