Analysts Predict Disney+ Will Hit 20 Million Subscribers By The End Of 2019
Disney+ launched just under a month ago and Disney was quick to announce it managed to get 10 million signups within the first week, but according to Credit Suisse, they are expecting Disney+ to pull in 20 million subscribers before the end of the year.
The analyst firm had previously predicted Disney+ would finish the year with 14.3 million subscribers. The addition of select Verizon customers getting a free year might be one of the biggest reasons for the higher number of subscribers,
“For Disney, we are raising our Disney+ estimate once again to 20.0m as of December 31st from 14.3m due to app downloads settling out at a reasonable level and Verizon indicating Disney+ sign-ups have come in well ahead of expectations (though we left bottom line estimates unchanged),”
Credit Suisse analysts said in a note Saturday to CNBC.
The Walt Disney Company has said it won’t be announcing any subscriber numbers until the next quarterly financial results, which ends this month.
Subscriber numbers are expected to keep rising in 2020, with Western Europe getting its release at the end of March and Latin America following in late 2020.
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