10 Mar 2021: Disney Plus gets 100 million subscribers in 16 months
Disney Plus has scripted history as the streaming platform has amassed more than 100 million subscribers in less than a year and a half after it was launched.
The milestone was announced at the annual shareholders' meeting.
In the last announcement in February, it was made known that till January 2, 2021, the streamer had a little over 94 million subscribers.
Quote: 'We set target of more than 100 titles a year'
Talking about the proud achievement, CEO Bob Chapek said in a statement, "The enormous success of Disney Plus has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content."
He also added that they have set a target of hosting over 100 new titles per year. This includes Disney Animation, Marvel, National Geographic, etc.
Details: 'Wandavision' is being credited for this feat
Though it isn't clear what helped the platform reach the historic milestone, the recent success of WandaVision could be a reason. Another successful show, Raya and the Last Dragon, could have also played a part.
In fact, Disney's own executives predicted that the streamer would gather 60-90 million subscribers by 2024, reports The Verge.
Chapek said Disney's "direct-to-consumer business is the company's top priority."