As we continue to look over the fourth quarter financial statements, a bright spot for The Walt Disney Company continues to be Disney+, which has recorded 73 million paid subscribers in one year.
“Even with the disruption caused by COVID-19, we’ve been able to effectively manage our businesses while also taking bold, deliberate steps to position our company for greater long-term growth,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “The real bright spot has been our direct-to-consumer business, which is key to the future of our company, and on this anniversary of the launch of Disney+ we’re pleased to report that, as of the end of the fourth quarter, the service had more than 73 million paid subscribers – far surpassing our expectations in just its first year.”
BlogMickey.com will provide continuing coverage this afternoon of the earnings call set to take place at 4:30pm EST.
As always, keep checking back with us here at BlogMickey.com as we continue to bring you the latest news and photos from around the Disney Parks.