Disney today announced its Disney+ streaming service has passed the 100 million global subscriber mark. The announcement came during a Disney shareholders meeting. Disney+ has attracted five million more subscribers since mid-February when it was announced the service had 94.9 million subscribers
“The enormous success of Disney+ –which has now surpassed 100 million subscribers–has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content,” said Disney CEO Bob Chapek.
Disney+ hit the 100 million-plus subscriber mark a mere 16 months after it launched. That number exceeds any of Disney’s original subscriber targets. The House of the Mouse said that it hoped to hit 60 to 90 million subscribers by 2024, which it accomplished before the end of 2020.
Disney now expects to have 230 to 260 million subscribers worldwide by 2024, which will see Disney+ surpassing Netflix. As of January, Netflix had more than 200 million subscribers worldwide.