Over the pandemic, we have seen Disney+ shine as one of the financially viable aspects of the Walt Disney World company. Thanks to Disney+, Disney found a way to continue acquiring customers through subscribers, all while their theme parks remained either closed or under a tight capacity limit.
While the parks worldwide were shut down, and with many being stuck in a lockdown, Disney fans needed something to consume that would entertain them during these unprecedented times. With Disney+ on the horizon, it was the perfect time for the streaming platform to shine. Instantly, Disney+ became the go-to streaming platform for many, with the platform gunning for Netflix’s top spot after only starting up a year prior.
Marvel shows such as WandaVision, Loki, What If…? and more have viewers renew their subscription for more, and Star Wars fans have enough content to drool over, especially with The Mandalorian coming out with a season 3. On top of this, Disney+ continues to showcase original shows, movies and has created to solution for fans who do not yet feel comfortable returning to a theatre with Premier Access giving Guests a choice to purchase a theatrical release such as Black Widow or Jungle Cruise as home at an additional cost of $29.99 or to view it in the theater.
Now, during the Slides, The Walt Disney Company’s Fourth Quarter 2021 Financial Results Conference Call, Disney CEO Bob Chapek spoke about how Disney+’s growth is skyrocketing.
“As we celebrate the two-year anniversary of Disney+, we’re extremely pleased with the success of our streaming business, with 179 million total subscriptions across our DTC portfolio at the end of fiscal 2021 and 60% subscriber growth year-over-year for Disney+.”
This success has caused Disney to push their content further, create more, and invest more into Disney+, which is expected to become profitable by 2024.
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