Feb 4, 2020 - Economy & Business
Disney says Disney+ has 26.5 million subscribers
Disney's stock rose Tuesday after revealing that its new streaming service, Disney+, now has 26.5 million paid subscribers. It also said that ESPN+, its sports streaming service, now has 6.6 million subscribers, up from 3.5 million in November.
Why it matters: Disney's strong showing shortly after it debuted its streaming service last November shows that it will be a formidable competitor to Netflix in the streaming wars.
Be smart: The fact that ESPN+ subscriber numbers increased so much shows that consumers are liking Disney's cheap bundled subscription package that includes Disney+, ESPN+ and Hulu Live for $12.99 monthly.
Go deeper: Disney breaks $10 billion box office record