Disney+ now has more than 50 million subscribers
Published by Terence Mahier | Source

Do parents love spending time with their kids?

Disney just announced that Disney+ now has more than 50M subscribers - twice as much as in February 🔥

Disney+ rolled out in the U.K, Ireland, France, Germany, Italy, Spain, Austria, Switzerland & India in the past two weeks, riding the wave of the quarantine keeping people stuck at home and spending more time online 📺

But Disney is also very much exposed to the uncertainty of the Coronavirus crisis through the complete shutdown of its theme parks which account for 25% of its revenue (approximately as much as its Media revenue).
Which effect will prevail? 🤔

Extra Insights

Disney launched its streaming service last November. By comparison, it took Netflix seven years from its 2007 streaming launch to reach 50 million subscribers 😳

The uncertainty of the post-coronavirus world remains a party-pooper when it comes to Disney's stock outlook. The stock is down by 30% since January and has been struggling to hit bottom as the lift of the quarantine in China remains partial...

What Happened on the market eventually?

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- Newspill Team 💊
09-Apr 09:08 (Eastern Time)

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