Disney targets 300-350m paid subscriptions by 2024 and announces the rollout of 100+ new titles each year on Disney+.
The Walt Disney Company revealed its ambitious next steps in its global streaming expansion at its 2020 Investor Day, with new details on the future of its direct-to-consumer services Disney+, Hulu and ESPN+, a first look at its upcoming international general entertainment content brand, Star, and previews of an exceptional slate of all-new content.
Bob Chapek, Chief Executive Officer, The Walt Disney Company, and Bob Iger, Executive Chairman and Chairman of the Board, led the virtual event, which included presentations from leaders of the company’s content and distribution teams, along with financial updates from Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, and Lowell Singer, Senior Vice President, Investor Relations.
During the Investor Day presentation, the company announced that, as of December 2, its portfolio of direct-to-consumer services has exceeded a total of 137m global paid subscriptions, including 11.5m ESPN+ subscribers, 38.8m Hulu subscribers, and a staggering 86.8m Disney+ subscribers since its launch in November 2019.
After exceeding expectations, The Walt Disney Company shared guidance that it now expects its streaming services to hit 300-350m total subscriptions by fiscal 2024, driven primarily by a significant increase in content output. Disney+ alone is targeting to release more than 100 titles per year.
At the Investor Day event, the company’s leaders announced a new slate of new content to fuel Disney’s D2C ecosystem.
Over the next few years, Disney+ plans to release approximately 10 Star Wars series and 10 Marvel series, as well as 15 Disney live-action, Disney Animation, and Pixar series, as well as 15 Disney live-action, Disney Animation, and Pixar features — all in addition to the premium content set to premiere in theatres or on linear channels before coming to the streaming service.
“This incredible slate of new original content reflects our continuing commitment to harness the resources and immense creativity across our company to bring audiences extraordinary entertainment experiences unlike anything else in the market,” Iger said.