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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

What we know about the victims of the Indianapolis mass shooting

Officials load a body into a vehicle at the site of the mass shooting in Indianapolis. Photo:

Eight people who were killed along with several others who were injured in a Thursday evening shooting at a FedEx facility in Indianapolis have been identified by local law enforcement.

The big picture: The Sikh Coalition said at least four of the eight victims were members of the Indianapolis Sikh community.

Pompeo, wife misused State Dept. resources, federal watchdog finds

Former Secretary of State Mike Pompeo. Photo: Joe Raedle/Getty Images

The State Department's independent watchdog found that former Secretary of State Mike Pompeo violated federal ethics rules when he and his wife asked department employees to perform personal tasks on more than 100 occasions, including picking up their dog and making private dinner reservations.

Why it matters: The report comes as Pompeo pours money into a new political group amid speculation about a possible 2024 presidential run.