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Data: Company filings; Chart: Michelle McGhee/Axios

In a little over a year, Disney+ has accrued nearly half of the number of subscribers Netflix has accumulated over the past decade.

Why it matters: Disney is the first traditional media company to nail streaming.

  • The other giants (AT&T, ViacomCBS, Comcast/NBCU, Discovery) are scrambling to become the third service to compliment Disney+ and Netflix.
  • The average U.S. consumer is willing to pay around $42 monthly for streaming services, per Magid. That's about 3 services monthly.
  • Peacock doesn't break out its number of paid subscribers, but says it has 33 million sign-ups. Reporting from The Information suggests that the company could be looking to merge with another firm, perhaps WarnerMedia.

Yes, but: Disney still makes far less money per subscriber than Netflix because prices are so low. Average revenue per streaming subscriber fell significantly last quarter, because Disney is now including subscribers to its Indian subscription streaming service, Hotstar, in its calculus.

  • What's next: Disney announced a slew of new European content projects today, furthering its commitment to building new content that could expand its subscriber base globally.

What to watch: ViacomCBS's rebranded streaming service Paramount+ is set to launch March 4th. Bloomberg's Lucas Shaw has a good overview about challenges to the service here.

Go deeper

"Neanderthal thinking": Biden slams states lifting mask mandates

States that are relaxing coronavirus restrictions are making "a big mistake," President Biden told reporters on Wednesday, adding: "The last thing we need is Neanderthal thinking."

Driving the news: Texas Gov. Greg Abbott (R) said Wednesday he will end all coronavirus restrictions via executive order, although some businesses are continuing to ask patrons to wear face masks. Mississippi is lifting its mask mandate for all counties Wednesday, per Gov. Tate Reeves (R).

Cuomo: "I am not going to resign"

New York Gov. Andrew Cuomo apologized Wednesday for acting in a way that made women feel "uncomfortable," but insisted that he has "never touched anyone inappropriately" and said he will not resign.

Driving the news: Cuomo reiterated in his first public appearance since sexual harassment allegations surfaced that he will fully cooperate with a team of independent investigators appointed by New York Attorney General Letitia James, but suggested that demands for his resignation from were simply "politics."

Facebook to lift political ad ban imposed after November election

Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images

Facebook will finally allow advertisers to resume running political and social issue ads in the U.S. on Thursday, according to a company update.

The big picture: Facebook and rival Google instituted political ad bans to slow the spread of misinformation and curb confusion around the presidential election and its aftermath.

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