Media And Entertainment
Disney Plus has reached a new high of 94.9 million subscribers, beating its four-year goal in just 14 months. Disney also bundles Hulu and ESPN Plus under its plans. Hulu now has 39.4 million subscribers, while ESPN Plus has 12.1 million subscribers.There has been a noticeable jump in subscribers gain as in December there were only 86 million subscribers.
The subscribers' count surge noticeably came from releases of major titles like Pixar's Soul and the final episodes of The Mandalorian's second season in the December holiday season. This also means that Disney has already crossed its original 90 million subscriber goal for the service,a number the company initially expected to take four years to reach. The company has now revised the goal, aiming to reach between 230 million and 260 million subscribers by 2024.
Disney is planning to help boost its revenue up from $3.5 billion. However, its average global revenue has dropped to $4.03 per subscriber, as Disney is offering a very low-cost service called Disney Plus Hotstar in India and Indonesia. To increase the average revenue, its first price increase for the US serviceis set for next month: starting on March 26th, Disney Plus will cost $7.99 per month or $79.99 per year (up from $6.99 a month or $69.99 per year). The Disney bundle of Disney Plus, Hulu, and ESPN Plus will also see a $1 increase to $13.99 a month.