Disney+ is undoubtedly the streaming service that has experienced the strongest growth from the first days of its availability. It must be said that all the elements came together to make the service work: essential licenses, exclusive original creations, a widely accessible price… The Disney+ recipe works and the group shows it to us once again in its latest financial results for the 4th quarter of 2021 .
Disney+ is in great shape
It is probably the streaming service that is the most guarded by Netflix headquarters, the more time passes, the more Disney+ grows its subscriber portfolio in the United States and internationally.
The Walt Disney Company unveiled its financial results overnight, which include income from film releases in cinemas, amusement parks, etc. But also from streaming services: Disney+, Hulu and ESPN+.
The company reveals that the feedback for the streaming service is very positive and well beyond the group’s expectations. In total, Disney+ currently owns 129.8 million subscribers in the United States and around the world.
Note that this represents 11.8 million additional subscribers compared to Q3 2021.
Among these many subscribers, 42.9 million are domiciled in the United States and Canada, this still represents a growth of 18% compared to the same period in 2021!
Bob Chapek, CEO of The Walt Disney Company said:
As we celebrate two years of Disney+, we are extremely pleased with the success of our streaming business.
Chapek is so convinced of the benefits of Disney+ for the group’s turnover and net profit that it has decided to increase investment around original creations from Disney+ and the group’s other streaming services.
In 2021, the company spent $25 billion creating content for Disney+, ESPN and Hulu, that amount will grow to 33 billion for the whole of 2022.
We can therefore expect a massive influx of new programs towards the end of 2022 – beginning of 2023.
In the details of the data provided, Disney reveals that movie releases in theaters have been hit hard by the Covid-19 pandemicseats did not sell as expected, in particular due to the closure of cinemas in some countries in 2021. restrictions which prevent access to people who have not been vaccinated or who have not completed a complete vaccination course are also a gigantic loss for film studios like Disney.
The company mentions this difficulty in cinema as being persistent since March 2020 (approximate date when the spread of Covid-19 grew out of control around the world). Disney still finds comfort in its various streaming services, but not to the point of replacing the losses suffered in the cinema!
As far as amusement parks are concerned, the situation is identical to that of 2020, attendance is obviously lower than before Covid, but it at least has the merit of being stable and not go any lower.
Source
Download the free app Disney+
