Disney + is fast becoming one of the biggest streaming services out there, and film and TV production will confirm that. Disney has revealed plans to release 100 new titles to the service per year. It comes as the service has surpassed 100 million subscribers worldwide, a truly huge number that has been reached in a relatively short period of time.
Disney recently held its annual meeting of shareholders. During the meeting, it was confirmed that the streaming service now has 100 million subscribers worldwide. That number was reached in just 16 months, with the initial launch of Disney + in November 2019. In a press release, Disney CEO Bob Chapek explained that he would invest heavily in original programming as a result. .
“The huge success of Disney +, which has now exceeded 100 million subscribers, has inspired us to be even more ambitious and to significantly increase our investments in the development of high quality content. In fact, we’ve set a goal of over 100 new titles per year, and that includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. Our direct-to-consumer business is the company’s top priority, and our strong content portfolio will continue to fuel its growth. ”
Franchises such as Star Wars , with The Mandalorian , and Marvel, with WandaVision , have anchored the service so far. Disney already revealed late last year that it plans to release no less than ten Marvel and Star Wars TV shows over the next several years. So there will be a lot more to come from the pillars of the Disney Empire when it comes to those 100 titles per year.
Disney + appeared just months before Hollywood was rocked. Cinemas have been closed all over the world and people have been forced to stay at home. This has led to a boom in streaming services. Therefore, Disney has reorganized its entire media business to prioritize streaming. While movies like Black Widow and other alleged blockbusters will still benefit from exclusive theatrical releases, which will be determined on a case-by-case basis.
The future of the media landscape is streaming and Disney embraces it with open arms. This was one of the main reasons for the acquisition of Fox for $ 71.3 billion. Disney uses the studio’s library to create movies and TV shows, largely for its streaming services. Disney also controls Hulu and ESPN +, as well as the recently launched Star, which is available worldwide outside of the United States.