OTT War: Disney+Hotstar Wins Over, Adds 7.9 Million Subscribers While Streaming Giant Netflix Begins To Lose Slowly!

Disney+ adds 7.9 million subscribers as Netflix bleeds (Photo Credits: Disney+/Netflix/Twitter)

As Netflix loses paid subscribers amid slowing growth, The Walt Disney Company announced an increase of 7.9 million subscribers for Disney+, totaling 137.9 million, in the period January-March.

Walt Disney Company CEO Bob Chapek said the company is on track to reach 230 to 260 million customers till the financial year 2024.

“to link 7.9 million “Disney+ customers and total subscriptions across all of our DTC products exceeded 205 million this quarter, proving once again that we are in a league of our own,” Chapek said in a statement late Wednesday. “

across all streaming services (, HuluESPN+), total subscriptions exceeded 205 million.

Hulu contributed 45.6 million Subscriptions and ESPN+ add 1 million to reach this quarter 22.3 million customer.

volta Disney The company reported earnings for its second fiscal quarter ended April 2.

Revenue up 23 percent for the quarter $19.25 billion and earnings of 25 cents per share.

However, the company has a $1 billion The hit amounted to a customer due for early termination of license agreements for film and television content distributed in previous years for the Company to use primarily content on our direct-to-consumer services.

“As we look to Disney’s second century, I believe we will be able to combine extraordinary storytelling with innovative technology to create an even bigger, more connected and magical Disney universe for families and fans around the world. Will continue to transform entertainment,” Chapek said. ,

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