Disney Now Has the Most Number of Subscribers in the World, Beating Out Netflix For the Top Spot
After relentlessly churning out new content for its platforms Disney+ and Hulu, Disney is now the biggest streaming service in the world in terms of subscribers. Disney confirmed that it reported 221.1 million subscribers across all three of its platforms—Disney+, Hulu, and ESPN+—officially dethroning Netflix from the top spot.
Meanwhile, Netflix reported 220.67 million subscribers as of the most recent quarter. Of course, it’s important to note that Disney measured its success across all three streaming services, while Netflix owns only one streaming service.
Disney+ increased its subscriber base by 14.4 million this year, the majority of this number coming from outside of the U.S., which surprised analysts. The growth in subscribers coincides with the platform’s aggressive pursuit of original programming, which comprises exclusive shows and movies from the Marvel Cinematic Universe, Star Wars franchise, Pixar releases, and more.
.jpg)
According to Paolo Pescatore, analyst at PP Foresight, it's a pivotal moment in streaming wars.
While Disney now has the most number of subscribers, its three streaming platforms lost $1.1 billion in the second quarter of 2022. In comparison, Netflix generated almost $8 billion in revenue. Unlike Disney, however, Netflix does not boast a theme park and other large revenue-generating businesses like Disney that act as a financial cushion.
Netflix’s pricing plans start at $9.99 per month, while Disney+ starts at $7.99 and Hulu starts at $6.99. In the coming months, Disney+ plans to up its package to a minimum of $10.99 per month, and Hulu will also get a dollar increase.
However, Disney+ is still not available in the Philippines.
.png)
.jpg)