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Disney+ Surpasses 50 Million Subscribers In Five Months

(RTTNews) - Walt Disney Co.'s streaming service Disney+ now has 50 million paid subscribers globally, with the company achieving the milestone within five months after its U.S. launch.

The new milestone was reached as millions of people, who are stuck at home around the world due to lockdowns related to the coronavirus pandemic, are spending more time online.

The company last year expected that Disney+ would have 60 million to 90 million subscribers around the world by the end of fiscal 2024. But, it has almost reached the target within five months.

The company had said Disney+ recorded 28.6 million paid subscribers as of February 3.

Online-video streaming giant Netflix Inc. (NFLX) said in January that it had 167 million paid memberships worldwide.

In the past two weeks, Disney+ launched in eight Western European counties including the UK, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland, Disney said today.
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