BeQuiet Jubiläum Banner 970x90
Breaking News

AORUS Gen5 10000 SSD Hit the Market with 10GB/s and Up! Nikon releases the NIKKOR Z 26mm f/2.8 and NIKKOR Z 85mm f/1.2 S Nikon releases a new black version of the Z fc APS-C size mirrorless camera Launch schedule of SIGMA 50mm F1.4 DG DN | Art Razer unveils the Viper Mini Signature Edition – a magnesium alloy gaming masterpiece

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Disney+ Hooks 28.6 million Subscribers

Disney+ Hooks 28.6 million Subscribers

Enterprise & IT Feb 4,2020 0

Walt Disney Co’s new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings.

The results prove that Disney made a strong entrance into the streaming video wars dominated by Netflix Inc. Thecompany is trying to transform its business to capture audiences that are moving online.

Disney+, which is available in five countries including the United States, will be available in India on March 29 through streaming service Hotstar.

Netflix, which began delivering online video 13 years ago, boasts 67.7 million paid subscribers in the United States and Canada.

Subscribers at Hulu, a streaming service Disney now controls, climbed to 30.7 million as of Monday, the company said. ESPN+ customers reached 7.6 million this week.

"We had a strong first quarter, highlighted by the launch of Disney+, which has exceeded even our greatest expectations,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Thanks to our incredible collection of brands, outstanding content from our creative engines and state-of-the-art technology, we believe our direct-to-consumer services, including Disney+, ESPN+ and Hulu, position us well for continued growth in today’s dynamic media environment.”

Excluding certain items, Disney earned $1.53 per share during its first fiscal quarter ended December 28, 2019. Revenue rose to $20.9 billion, up 36% from a year earlier.

Disney’s direct-to-consumer and international segment, the division that is spending big to build the streaming business, reported an operating loss of $693 million, below analyst expectations.

Operating income in Disney’s media unit, home to ESPN, the Disney Channels and ABC, rose 23% to $1.6 billion.

Profit more than tripled at the movie studio to $948 million.

Tags: Disney+Walt Disney
Previous Post
Snap Misses Quarterly Revenue Estimates
Next Post
Researcher Found Backdoor Vulnerability in Firmware for HiSilicon-based DVRs, NVRs and IP cameras

Related Posts

  • Disney+ launches today in 24 additional markets in Europe

  • Disney+ Launches on Sony Android TVs

  • YouTube to Lower Streaming Quality in Europe to Offload Internet Networks

  • Netflix Remains the Leader in The Streaming War

  • Disney+ Coming to EMEA on March 24th

  • Disney+ App Outpaces Streaming Rivals With 40.9 Million Downloads

  • Disney+ Enjoys Record Downloads, Should Netflix be Worried?

  • Disney+ Streaming Service Reaches 10 million Sign-ups

BeQuiet Jubiläum Banner 300x600

 

Latest News

AORUS Gen5 10000 SSD Hit the Market with 10GB/s and Up!
PC components

AORUS Gen5 10000 SSD Hit the Market with 10GB/s and Up!

Nikon releases the NIKKOR Z 26mm f/2.8 and NIKKOR Z 85mm f/1.2 S
Cameras

Nikon releases the NIKKOR Z 26mm f/2.8 and NIKKOR Z 85mm f/1.2 S

Nikon releases a new black version of the Z fc APS-C size mirrorless camera
Cameras

Nikon releases a new black version of the Z fc APS-C size mirrorless camera

Launch schedule of SIGMA 50mm F1.4 DG DN | Art
Cameras

Launch schedule of SIGMA 50mm F1.4 DG DN | Art

Razer unveils the Viper Mini Signature Edition – a magnesium alloy gaming masterpiece
PC components

Razer unveils the Viper Mini Signature Edition – a magnesium alloy gaming masterpiece

Popular Reviews

Withings Thermo Wi-Fi-connected temporal thermometer

Withings Thermo Wi-Fi-connected temporal thermometer

EnGenius ECW230 Access Point

EnGenius ECW230 Access Point

Withings Body Plus Scale

Withings Body Plus Scale

Withings Sleep Analyzer

Withings Sleep Analyzer

EnGenius ECW230S AP

EnGenius ECW230S AP

Noctua NH-D12L CPU Cooler

Noctua NH-D12L CPU Cooler

Scythe Fuma 2 CPU Cooler

Scythe Fuma 2 CPU Cooler

be quiet! Pure Rock 2 FX

be quiet! Pure Rock 2 FX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed