Disney has announced that it now has over 100 million subscribers across its Direct To Consumer business, which includes Disney+, Hulu and ESPN+.
As part of the quarterly financial results, it was revealed that as of June 27th, Disney+ has 57.7 million subscribers, while ESPN+ has 8.5 million subscribers, and Hulu has 35.5 million subscribers.
It was later announced in the investor call, that as of yesterday, Disney+ has 60.5 million subscribers globally.
Bob Chapek, Chief Executive Officer, The Walt Disney Company, said in an investor press release
“Despite the ongoing challenges of the pandemic, we’ve continued to build on the incredible success of Disney+ as we grow our global direct-to-consumer businesses. The global reach of our full portfolio of direct-to-consumer services now exceeds an astounding 100 million paid subscriptions — a significant milestone and a reaffirmation of our DTC strategy, which we view as key to the future growth of our company.”
Other details on the direct to consumer section have also been announced:
Direct-to-Consumer & International revenues for the quarter increased 2% to $4.0 billion and segment operating loss increased from $562 million to $706 million. The increase in operating loss was due to costs associated with the ongoing launch of Disney+, partially offset by higher results at Star and ESPN+. The increase at Star was primarily due to lower programming costs, partially offset by a decrease in advertising impressions. The decrease in programming costs was due to the comparison to the quadrennial International Cricket Council World Cup matches that aired in the prior year quarter and a shift in the timing of Indian Premier League cricket games to later quarters due to COVID-19. The decrease in advertising impressions was primarily due to the lack of cricket matches. Higher results at ESPN+ were primarily due to subscriber growth and higher income from Ultimate Fighting Championship pay-per-view events.
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