Disney Says It Will Have 350 Million Streaming Subscribers by 2024

Disney's streaming service, Disney Plus, has seen remarkable growth, reaching 87 million subscribers in just over a year, largely due to the pandemic. This success has driven Disney's stock to record highs, despite challenges in other business areas like theme parks and cruises. The streaming service is now a major revenue driver, with expectations of reaching up to 350 million subscribers by 2024. Interestingly, many subscribers are adults without children, drawn by content like Star Wars. Disney's success is impacting Netflix, with analysts suggesting Disney is leading the streaming industry.

What was the stock performance of Disney in relation to the S&P 500 during the reported session?

What are the projected subscriber numbers for Disney Plus by 2024?

What factors contributed to Disney's significant growth in Disney Plus subscribers?

How has the pandemic affected Disney's other business segments compared to its streaming service?

In what ways is Disney Plus impacting Netflix's market position?