Disney is certainly not joking around when it comes to its streaming offerings, especially Disney+.
During the recent Disney Investor Day webcast, the company announced LOADS (seriously loads) of new movies and TV shows coming to the service. They also announced that Disney+ had already surpassed 86 million subscribers just a year after its initial launch.
Now, analysts predict that Disney+ will just keep getting bigger and bigger. According to NASDAQ, industry watchers at eMarketer predict that Disney+ will hit $4 billion in revenue by 2022.
These analysts say that Disney+ revenue will reach $1.94 billion by the end of this year, but the January 2021 price increase to $7.99 per month (up $1 per month) will bring in even more for the streaming service.
The eMarketer analysts even believe that Disney+ will soon be a major Netflix contender, by estimating that all of Disney’s streaming services, including Disney+, Hulu, and ESPN+, will generate $12.36 billion in revenue for the company. Netflix is predicted to bring in $12.95 billion around the same time, so Disney is steadily closing the gap.
We know that WE have enjoyed Disney+ since its debut last year, and can’t wait to see all the new content coming to the streaming service over the next few years! We’re eager to see just what the company can do with this platform.
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Are you a Disney+ subscriber? Let us know in the comments what some of your favorite shows and movies are on the service!