Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Credit: Disney+

Disney CEO Bob Chapek told media and investors on Thursday that its streaming service Disney+ now has 86.8 million subscribers.

Why it matters: The company's streaming success has helped to offset major losses in Disney's studios, parks and resorts divisions.

What they're saying: Speaking at the company's annual investor day, Chapek said the company couldn't have ever imagined achieving such success so quickly.

  • He also acknowledged the challenges the pandemic presented the company this year. "Let me just say how proud I am to be leadings this extraordinary company during this pivotal time," he said.

The big picture: Most of the company's presentation focused on streaming, which is where the company sees its future.

  • Kareem Daniel, Disney's media and entertainment distribution division chairman, revealed details about the company's programming for Disney+, including 10 new Marvel and Star Wars series, 15 Disney live action, animation and Pixar series, and 15 new Disney live action, animation, and Pixar features to be released on Disney+.
  • Daniel also noted that Disney would release its upcoming movie "Raya and the Last Dragon" through Disney+ at same time it debuts in theaters in March 2021.

By the numbers: The company said it now has 86.8 million Disney + subscribers. Of those 86.8 million Disney+ subscribers, 30% are subscribers to Hotstar, India's largest streaming platform which is owned by Disney. The media giant also has:

  • 38.8 million Hulu subscribers.
  • 11.5 million ESPN subscribers.

Hulu President Kelly Campbell says Hulu+ Live TV has now has surpassed 4 million subscribers, making it the 5th largest U.S. pay-TV provider. She added that the company now makes $10 per subscriber in ad revenue per month.

  • Hulu also teased a new show with the Kardashians come 2021. It said it would renew its hit show "Handmaid's Tale" for a 5th season.

Internationally, Disney also announced it plans to launch two new general entertainment content brands — Star and Star+ outside the U.S.

  • Star+ will be focused on Latin America and will concentrate on sports content.
  • Going forward Hulu will launch exclusive original films from 20th Century Studios and Searchlight Studios.
  • ESPN+ will become directly available in the Hulu interface.

When it comes to sports, Disney's chair of ESPN and Sports Content Jimmy Pitaro said the network has reached an agreement with the SEC (Southeastern conference) to expand its partnerships beginning with the 2024 season.

  • As part of the deal, Disney's broadcast network ABC will become the new home of the SEC's afternoon football coverage, as well as select Saturday prime-time games and the annual SEC football championship game starting in 2024.
  • He added that select SEC games will be available on ESPN+ beginning next year.

Go deeper

Jan 12, 2021 - Economy & Business

Exclusive: OZY hits profitability on $50 million in revenue

Photo of Ozy CEO and co-founder Carlos Watson

OZY brought in $50 million in revenue last year, helping it hit profitability for the first time in its 7-year history.

Why it matters: The company has received acquisition offers from at least two major media companies, its founder and CEO Carlos Watson tells Axios.

Updated 23 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Coronavirus cases hold steady at 65,000 per day — CDC declares racism "a serious public health threat" — WHO official: Brazil is dealing with "raging inferno" of a COVID outbreak
  2. Vaccines: America may be close to hitting a vaccine wall — Pfizer asks FDA to expand COVID vaccine authorization to adolescents — CDC says Johnson & Johnson vaccine supply will drop 80% next week.
  3. Economy: Treasury says over 156 million stimulus payments sent out since March — More government spending expected as IMF projects 6% global GDP growth.
  4. Politics: Supreme Court ends California's coronavirus restrictions on home religious meetings
  5. Variant tracker: Where different strains are spreading.

Second senior Matt Gaetz aide resigns amid federal investigation

Rep. Matt Gaetz (R-Fla.) walking out of the Capitol in January 2021. Photo: Stefani Reynolds/Bloomberg via Getty Images

Devin Murphy, Rep. Matt Gaetz's legislative director, has stepped down amid a federal investigation into sex trafficking allegations against the Florida Republican congressman, the New York Times first reported and Axios has confirmed.

The latest: "It's been real," Murphy wrote in an email, obtained by Axios, to Republican legislative directors on Saturday morning, with the subject line: "Well...bye."