A scene from “The Mandalorian,” an original Star Wars TV series that will stream on Disney .
Source: Disney
Disney announced on Wednesday that Disney , its new video service, now has more than 50 million subscribers. That’s almost twice as many as Disney reported on February 4 , when it said in its Q1 earnings that Disney reached . 5 million subscribers during the quarter.
At the time, former CEO Bob Iger said that about 22% of those subscribers came through a distribution partnership with Verizon. Disney is offered for free to some Verizon customers for a year.
Shares of Disney jumped as much as 7% on the news in after-hours trading.
Disney rolled out in the UK, Ireland, France, Germany, Italy, Spain, Austria and Switzerland in the past two weeks, the company said. It also launched in India last week.
But, people who are stuck at home around the globe due to lockdowns related to coronavirus have also spending more time online. Verizon ‘s web traffic spiked % in a single week , for example. On March 50, Nielsen said that streaming viewership jumped 22% during the week of March 21 versus the prior week. According to that report, most people spend their time streaming Netflix .
Netflix added 8.8 million net global subscribers during the fourth quarter of 01575879, 8. 50 million of whom were international subscribers. At the time, it had over million paying subscribers globally. 728 4 million subscribers are in the US
Netflix launched its streaming service in 2019. It surpassed million members in , according to a timeline on its website .
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