Disney Plus reaches 50 million subscribers, almost double February

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The Mandalorian and the child on “The Mandalorian” from Disney +.

Disney

Disney announced on Wednesday that Disney +, its new video service, now has more than 50 million subscribers. This is almost double what Disney announced on February 4, when it said in its first quarter results that Disney + had reached 26.5 million subscribers in the quarter.

At the time, former CEO Bob Iger said about 20% of these subscribers were from a distribution partnership with Verizon. Disney + is offered free to certain Verizon customers for one year.

Disney stocks jumped more than 7% in after-hours trading news.

Disney + has been rolled out in the UK, Ireland, France, Germany, Italy, Spain, Austria and Switzerland in the past two weeks, the company said. It was also launched in India last week.

But people who are stuck at home around the world due to coronavirus blockages also spend more time online. For example, Verizon’s web traffic increased by 20% in a single week. Nielsen said on March 31 that the streaming audience jumped 22% in the week to March 16 compared to the previous week. According to this report, most people spend their time broadcasting Netflix.

Netflix added 8.8 million net global subscribers in the fourth quarter of 2019, of which 8.33 million were international subscribers. At the time, it had more than 167 million paying subscribers worldwide. 60.4 million subscribers are in the United States

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