Breaking News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro Sony launches a high-resolution shotgun microphone with superior sound quality and compact design. Arctic announces New Liquid Freezer III Pro 280 and Pro 420 Silicon Power Launches Hypera microSDXC Express Card Samsung announces Watch8, Z Fold7 and Z Flip7

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

Latest News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro
PC components

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.
Cameras

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.

Arctic announces New Liquid Freezer III Pro 280 and Pro 420
Cooling Systems

Arctic announces New Liquid Freezer III Pro 280 and Pro 420

Silicon Power Launches Hypera microSDXC Express Card
Cameras

Silicon Power Launches Hypera microSDXC Express Card

Samsung announces Watch8, Z Fold7 and Z Flip7
Smartphones

Samsung announces Watch8, Z Fold7 and Z Flip7

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

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