Nov 13, 2019

More than 10 million sign up for Disney+ in first day

Photo: Disney

The Walt Disney Company said Wednesday that its new streaming service Disney+ had 10 million sign-ups since it launched Tuesday at midnight.

Why it matters: Disney wouldn't release the number if the company didn't think it represented a major milestone. Disney told investors in the spring that it hopes to reach 60 million to 90 million subscribers by 2024.

Yes, but: The number is also notable, considering the service launched with a few hiccups. Early reports on Tuesday suggested the technology for Disney+ began crashing on launch day.

The big picture: Analysts anticipated strong consumer interest prior to the launch of the new service.

  • Polling suggests that consumers were interested in the service at launch because of the access to Disney's movie catalog, as well as its new show, "The Mandalorian."

Our thought bubble: Disney threw a ton of marketing dollars behind its launch. What will be telling is if it can continue to grow sign-ups over time as other rival streaming services launch with new programming.

What's next: Moving forward, Disney says it doesn't plan to release Disney+ subscriber data outside of the company's quarterly earnings calls.

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Disney+ looks upward, beyond glitches

Bob Iger, chairman and CEO of The Walt Disney Company. Photo: Drew Angerer/Getty Images

The Disney+ streaming service's launch was met with technical issues, compromised passwords and a whole lot of demand.

What's next: The company is looking forward, not back, with a top executive saying that the company won't rely as heavily on data as rival Netflix did in building its service or creating its content.

Go deeperArrowNov 20, 2019

Disney had a very good day

Data: Investing.com. Chart: Axios Visuals

Disney was the best performing stock in the Dow Jones Industrial Average Wednesday, jumping 7.3% after reporting 10 million subscribers had signed up for its Disney+ streaming platform on opening day.

Why it matters: The stock rose to an all-time high and had its biggest single-session gain since April on a day when the Dow, S&P 500 and Nasdaq were little moved.

Go deeperArrowNov 14, 2019

Disney breaks $10 billion box office record

Photo Illustration: Miguel Candela/SOPA Images/LightRocket via Getty Images

With the help of a successful weekend showing of "Frozen 2," the Walt Disney Company has officially raked in more than $10 billion this year in box office sales, a new record.

Why it matters: Disney’s box office success this year is attributable in part to a years-long strategy to invest in major tentpole franchises, like Pixar, Marvel and Star Wars. Most of its biggest box office hits this year came from those three brands.

Go deeperArrowDec 9, 2019