As part of its Q2 2021 financial results presentation, The Walt Disney Company reported that Disney+, its new SVOD OTT, available in Latin America since November 2020, continues to grow in terms of subscribers, and featured 116 million globally during the first six months of the year.
The reported figure means a growth of around 12 million subscribers in relation to Q1 2021, when Disney+ had more than 100 million subscribers. In relation to Q2 2020, the platform has almost doubled its subscriber base, since, in the same period last year, around 57.5 million subscribers were reported to the platform. Apart from Disney+, other platforms that have also performed well have been ESPN+, which ended June with 14.9 million subscribers; and Hulu, with 42.8 million. Likewise, between the three platforms, Disney gathers around 174 million OTT clients.
On the other hand, Disney’s D2C unit reported revenues valued at USD 4.3 billion during the quarter. Although the figure shows a 57% growth in relation to Q2 2020, the unit continues to lose revenues. According to the reported information, it lost USD 300 thousand during the quarter, and had lost USD 600 thousand in the same period 2020. Disney’s linear TV channels have also grown during Q2. Last June, Disney confirmed that it will continue to broadcast its linear channels to children’s audiences in Latin America, although, during the JP Morgan’s Technology, Media and Communications Conference, Bob Chapek, CEO at The Walt Disney Company, reported that the company plans to shut down 100 of its TV channels globally during 2021.
In turn, the company is preparing the launch of Star+ in Latin America, whose launch date is scheduled for August 31st. This way, Disney confirmed last week the subscription plans for its new OTT, which will be offered both as a standalone product, with monthly and annual subscriptions, as well as in a bundle with Disney+.