As people return to work, they may not be able to watch as much Disney+. Here are the exact numbers and how Disney CEO Chapek promises to make it better.
The streaming service Disney+ debuted in November 2019, and at the time we had no idea how much we would need it in 2020. Many were stuck at home, and it was a welcome distraction to watch our favorite Disney content.
The second Disney+ Day takes place on November 12. Just two days ahead of that, Disney held its 4th quarter earnings call. Disney made a huge profit as guest spending continued to increase. See full details on the parks portion of the call HERE.
Growth…but not quite enough
Chapek also focused on Disney+ sharing some startling statistics.
Disney+ added 2.1 million subscribers during Quarter 4, growing 60% in the last year. However, it still missed the estimate despite Chapek claiming it is performing well.
“As we celebrate the two-year anniversary of Disney+, we’re extremely pleased with the success of our streaming business, with 179 million total subscriptions across our DTC portfolio at the end of fiscal 2021 and 60% subscriber growth year-over-year for Disney+.”Bob Chapek, Disney CEO
Basically, Disney+ carried the company during the parks’ closure and initial reopening phases. However, now that many are back to work and attendance is increasing in the parks, subscription growth has not grown as much.
More content to come
Disney promises to bring more content to Disney+ in order to make it more profitable. Right now it feels like it’s all older movies, and the number of titles is nowhere near other streaming services.
Chapek promises to double its Disney+ content in 2022, with the majority coming July through September! Marvel, Star Wars, and Pixar shorts are insanely popular among fans so we will undoubtedly see more of that.
Disney+ will be home to even more Disney content in 2022.
Personally, I (Monica) really love the documentaries. I have watched The Imagineering Story and Behind the Attraction several times. More park content would be great!
What do you hope comes to Disney+ next year? Let us know in the comments below and on Facebook.