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Data: Company filings; Chart: Michelle McGhee/Axios

Disney said Tuesday its streaming service Disney+ surpassed 100 million subscribers in just 16 months, a major milestone for the company and the streaming industry.

Why it matters: Disney's streaming success has helped the entertainment giant survive economic headwinds driven by COVID-induced closures of its parks and resorts.

  • Its subscriber base is roughly half the size of Netflix's, which launched subscription streaming more than a decade ago.
  • Disney's stock reached all-time highs this week after the company said it would open its Disneyland park in California earlier than expected.

The big picture: Streaming — combined with optimism around movie theater and theme parks reopening — breathed new life into Hollywood giants.

  • ViacomCBS' stock hit a decade-high Monday following massive ratings for Oprah Winfrey's explosive interview with Prince Harry and Meghan Markle.
  • Comcast, home to NBC Universal, is also seeing positive momentum.

Go deeper: Disney+ races to catch Netflix

Go deeper

Updated 17 mins ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Axios-Ipsos poll: Omicron's big numbersAnother wave of death — FDA limits use of Regeneron and Lilly antibody treatments — Fauci: "Confident" Omicron cases will peak in February.
  2. Vaccines: Pfizer begins clinical trial for Omicron-specific vaccine — The shifting definition of fully vaccinated.
  3. Politics: Biden admin withdraws temporary vaccine-or-test mandate for large employers — New York Supreme Court strikes down Gov. Hochul's mask mandate for public areas — Sarah Palin tests positive, delaying defamation trial — Virginia school boards sue Gov. Youngkin for lifting mask mandate.
  4. World: U.K. to lift travel testing requirement for fully vaccinated — Beijing Olympic Committee lowers testing threshold ahead of Games.
  5. Variant tracker

The Robinhood M&A rumor mill churns

Illustration: Sarah Grillo/Axios

Robinhood's valuation is now just over $11 billion, a fraction of where it traded in August and below that of its last private round of funding. Cue the M&A mongers.

Why it matters: It's not just Robinhood—falling values of growth-oriented tech stocks have raised speculation that formerly high-flying fintechs could be snapped up by more well-capitalized buyers.

58 mins ago - Health

Student's death renews calls for schools to stock opioid overdose drug

Photo: Amy Davis/Baltimore Sun/Tribune News Service via Getty Images

A Connecticut student's death has renewed calls for schools to stock and administer naloxone, a drug that can quickly reverse the effects of an opioid overdose.

Why it matters: U.S. drug overdose fatalities reached six figures in a 12-month period for the first time in November, and synthetic or natural opioids were the cause of a majority of the overdoses.