Disney rolls out plans in global streaming expansion
The U.S. entertainment giant will release approximately 10 Star Wars series, 10 Marvel series, 15 Disney live action, Disney Animation and Pixar series, as well as 15 all-new Disney live action, Disney Animation and Pixar features on its streaming service, Disney+, over the next few years, the company announced at its 2020 Investor Day, Xinhua reports.
The company said it plans to release at least 100 new titles per year on Disney+.
As of Dec. 2, the company's portfolio of direct-to-consumer (DTC) services has exceeded 137 million global paid subscriptions, including 11.5 million ESPN+ subscribers, 38.8 million Hulu subscribers and 86.8 million Disney+ subscribers since its launch in November 2019, the entertainment giant said.
Disney «now expects its streaming services to hit 300-350 million total subscriptions by fiscal 2024, driven primarily by a significant increase in content output,» it said.
«The tremendous success we've achieved across our unique portfolio of streaming services, with more than 137 million subscriptions worldwide, has bolstered our confidence in our acceleration toward a DTC-first business model,» Disney Chief Executive Officer Bob Chapek said in a release.
«With our amazing creative teams and our ever-growing collection of the high-quality branded entertainment that consumers want, we believe we are incredibly well positioned to achieve our long-term goals,» he said.