Disney+ Reaches 5-Year Streaming Goal in First Eight Months

Disney CEO Bob Chapek said Tuesday during the company’s earnings call that there are now 60.5 million global subscribers to Disney+, the direct-to-consumer streaming service launched last November.

He also said today that Mulan, long in limbo amid the COVID-19 pandemic, will debut September 24 on Disney+ for $29.99, a new wrinkle for the streamer. Disney also announced it will launch a new streaming service internationally under its Star brand and using Disney’s own content, starting in September.

"Despite the ongoing challenges of the pandemic, we’ve continued to build on the incredible success of Disney+ as we grow our global direct-to-consumer businesses," Chapek said. "The global reach of our full portfolio of direct-to-consumer services now exceeds an astounding 100 million paid subscriptions -- a significant milestone and a reaffirmation of our DTC strategy, which we view as key to the future growth of our company."

Disney has over 101.5k subscribers across all three of its platforms: Disney+, Hulu and ESPN+ as of June. Some of the major draws for Disney+ include Hamilton, Onward, Frozen 2 and Star Wars: The Mandalorian. The company also announced during its earnings call that Mulan will debut on Disney+ and in theaters simultaneously. If you need Buy Disney Plus VIP Accounts, you can visit our site z2u.com.

When the company reported its last batch of quarterly results in May, Disney said it had 54.5 million Disney+ subscribers, up from 33.5 million as of March 28. Hulu, which Disney has controlled since the spring of 2019, had 32.1 million total subscribers at the end of the March quarter.

Asked about plans moving forward for direct-to-consumer streaming, Chapek said the focus will be on keeping the original programming pipeline “cranking.” New originals, he noted, are the most potent tool for acquiring new customers.