Disney+ :
The house of mouse that made our childhood the best with its world of superfun and entertainment has reached a brand new milestone, thanks to its fans from across the planet.
Did Disney+ really reach the 50 million benchmark…?
Amid the COVID-19 pandemic that’s plaguing the world, The Walt Disney Company has proudly announced that Disney+ has crossed 50 million paid subscribers within five months of its global launch.
After its global launch in the US in November, Disney+ was successful in attracting a massive wave of 10 million subscribers within 24hrs of its grand launch and started marching towards armada of faithful subscribers. It was later launched in Europe on 23rd March and started pumping in Austria, France, Britain, Ireland, Germany, Italy, Switzerland, and Spain.
And on 3rd April 2020, Disney+ entered India, one of the biggest data markets in the world and had successfully amassed 8 million subscribers that helped the streaming giant reach 50 million subscribers worldwide.
But the 8 million-fleet in India weren’t achieved by Disney alone, the country already had the streaming supergiants like Amazon Prime Video, Netflix and other local streamers, hence the streaming company brilliantly joined hands with Hotstar, one of the top streamers in India and achieved the milestone.
The Chairman of Walt Disney Direct-to-Consumer and International said, “we’re truly humbled that Disney+ is resonating with millions around the globe, and believe this bodes well for our continued expansion throughout western Europe and into Japan and all of Latin America later this year.”
He also added, “Great storytelling inspires and uplifts, and we are in the fortunate position of being able to deliver a vast array of great entertainment rooted in joy and optimism on Disney+.”
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Well, this milestone is indeed a life-saver to the Walt Disney Company at the moment as the stock prices have plummeted to their lowest due to the curfew-effect worldwide. Disney theme parks, resorts, theaters and hotels’ shutdown has put the company into which may be one of the toughest times in its history. The success of its flagship streaming is truly lifesaving.
The stocks of the company’s streaming media have seen a gradual rise. Television broadcasting and media networks segment are now kind of a lifeline to the company until the end of the curfew or the pandemic (whichever comes first). But the company still has a long way if it needs to rival Netflix which has more than 160 million global subscribers and rising.
The dent on the global economy made by the COVID-19 pandemic will remain long after it’s subdued. It would be difficult and may take a long time for the world to get back on its feet. And humanity must learn to co-exist along with nature without affecting it if we don’t wanna have any more disastrous event that might threaten the existence of humanity.
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