You are here: Home » Companies » News
Business Standard

Disney+ crosses 118.1 million subscribers two years after launch

Disney in its earnings report for the fourth quarter of 2021 announced that its subscription video on demand mobile app Disney+ now has crossed 118 million subscribers

Topics
disney | Hotstar

IANS  |  San Francisco 

Disney

in its earnings report for the fourth quarter of 2021 announced that its subscription video on demand (SVOD) mobile app Disney+ now has crossed 118 million subscribers.

The streaming service has gained 2.1 million subscribers in the last quarter, and 44.4 million subscribers over the course of the last 12 months.

"With 179 million total subscriptions across our portfolio at the end of fiscal 2021 and 60 per cent subscriber growth year-over-year for Disney+. We continue to manage our business for the long-term, and are confident that our high-quality entertainment and expansion into additional markets worldwide will enable us to further grow our streaming platforms globally," Bob Chapek, Chief Executive Officer, The Walt Company said in a statement.

However, the average monthly revenue per paid subscriber for Disney+ decreased from $4.52 to $4.12 due to a higher mix of Disney+ subscribers in the current quarter compared to the prior-year quarter.

The average monthly revenue per paid subscriber for ESPN+ increased from $4.54 to $4.74 due to an increase in retail pricing, partially offset by a higher mix of subscribers to the bundled offering.

The average monthly revenue per paid subscriber for the Hulu SVOD Only service increased from $12.59 to $12.75 due to a lower mix of wholesale subscribers and increases in per-subscriber premium add-on and advertising revenue, partially offset by a higher mix of subscribers to the bundled offering.

The average monthly revenue per paid subscriber for the Hulu Live TV + SVOD service increased from $71.90 to $84.89 due to an increase in retail pricing and higher per-subscriber advertising and premium feature add-on revenue, partially offset by a higher mix of subscribers to the bundled offering.

As of October 2021, Netflix has 213ion subscribers worldwide.

--IANS

wh/dpb

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 11 2021. 17:27 IST
RECOMMENDED FOR YOU
.