The Walt Disney Company reported this week during its financial results presentation that Disney +, its OTT officially launched in November, now records 28.6 million subscribers within 3 months it was officially introduced to the market.
The already mentioned figure exceeded expectations of reaching 25 million subscribers during the first three months after launch. This was stated by Robert Iger, President and CEO of the company: ‘We had a solid first quarter, promoted by the launch of Disney+, which exceeded even our highest expectations’.
The company also reported revenues valued at USD 20.9 billion. Studio Entertainment revenues for the quarter increased to USD 3.8 billion, and operating revenues tripled, reaching USD 948 million. Disney’s cable businesses grew and reached USD 4.8 billion at the end of the quarter, and operating revenues went up to USD 862 million. Finally, FTA TV revenues increased to USD 2.6 billion and its operating income was recorded at USD 575 million, while the revenues of its Parks and Experiences were USD 7.4 billion, with operating revenues of USD 2.3 billion.
Disney also announced it has acquired the rights to the Hamilton-based movie, a Broadway show. The film will be released first in cinemas worldwide, to later become an exclusive Disney + title.