Disney+ Streaming Service Now Has 54.5 Million Subscribers Worldwide

May. 6, 2020

At its quarterly earnings call on Tuesday, Disney announced that its newest streaming service, Disney+, had 54.5 million subscribers as of May 4, up 21 million from the 33.5 million it reported on March 28. The company had 26.5 million subscribers at the end of December and hit 50 million subscribers on April 8th. In fact, the companysaw growth across all its streaming platformsduring the quarter ended March 31st, with both Hulu and ESPN+ also reporting significant additions to their subscriber numbers.

Launched with much fanfarelast December, Disney+ reportedly signed-up10 million subscribers in just the first twenty-four hoursalone. Since then, the service has gone from strength to strength, becoming one of the fastest-growing streaming platforms in the world. The company’s streaming service in India,Disney+ Hotstar, reported a total subscriber base of ‘around 8 million‘ last month, although the exact numbers are still not officially available.

It is worth noting, though, that the success of Disney+ is not an outlier, as most streaming services are seeing a significant uptick over the past couple of months with the coronavirus pandemic keeping people indoors.Netflix also added 15.77 million subscribers to its tally during the last quarter, taking its overall subscriber base to 182.9 million globally. The company, however, warned of a possible decline in viewership once the lockdown measures are lifted going forward.

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