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Friday, June 18, 2021

Disney+ subscribers are coming close to Netflix with 146 million subscribers

Disney’s streaming platforms achieved great success in 2020, with the number of subscribers to Disney Plus, ESPNPlus, and Hulu at 146 million at the end of last year.

The “Disney Plus” platform, which was launched in November 2019, has about 95 million subscribers, benefiting greatly from the quarantine procedures, and the wide variety of “Disney” productions, in addition to the low prices compared to competitors.

By way of comparison, the number of subscribers to the “Netflix” platform recently reached 200 million users worldwide. This achievement partly compensates for the difficulties “Disney” experienced during the year 2020, due to the pandemic that led to the closure of theme parks and cinemas. As reported by “Agence France Presse.”

Disney achieved total net profits of only $ 17 million during the holiday season, compared to $ 2.1 billion in profits in the same period in 2019.

Disney’s revenue from its parks and related products in 2020 did not exceed $ 3.6 billion due to long-term closures, equivalent to half of its revenue during the same quarter of 2019.

Analyst Eric Hagstrom at eMarketer expected that “the group will continue its expansion in the field of streaming, in parallel with the expected rapid recovery of its TV and film business” thanks to vaccination operations against the virus and the volume of the growing demand for months.

While the traditional television sector remained stable with revenues of $ 7.7 billion, despite canceling or postponing programs, the platform sector achieved $ 3.5 billion in revenue in the fourth quarter of 2020, an increase of 73% year-on-year.

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