Massive growth for Disney+ streaming service

[Hanno Labuschagne]

Massive growth for Disney+ streaming service

Walt Disney Co.’s new streaming service is off to a record-setting start.

Since its release two months ago, the Disney+ mobile app has been downloaded 41 million times across the App Store and Google Play, generating almost $100 million in user spending, according to a study by SensorTower Inc. That’s four times as much as the HBO Now app earned in its first two months.

Disney investors cheered the SensorTower report on Tuesday, sending the shares up 2% to $146.72 in New York. Still, the data isn’t comprehensive. It excludes many of the devices that viewers use to watch Disney+ -- such as Roku, gaming consoles or Amazon Fire TV -- meaning it only captures a fraction of the revenue Disney is generating from streaming.

[Bloomberg]

 

[themba990]

This is the way

 

[supersunbird]

 

[McGuywer]

How big is the growth?

Its Massive.

 

[Kosmik]

Remind me again, isnt the net full of articles of subscribers stoping their subscriptions now? This article seems purely based on app downloads, not subscribers.

 

[dgcarter]

I'm happy for them, but I still maintain that these studios are shooting themselves in the foot.
The only reason I don't pirate music any more is because streaming services like Apple Music and Spotify make it easy and cheap to access the content I like. And the same content is available across all the platforms.
Now with each studio establishing their own service, and making their content exclusive to that service, requiring me to spend a fortune on multiple services to access the content I want, I might just resort to torrents and downloads again.