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In this photo illustration, a remote control is seen in front of a television screen showing a Disney + logo. Photo: Illustration by Chesnot/Getty Images

Disney said on Thursday that it now has nearly 95 million subscribers for its streaming service Disney+, blowing past Wall Street expectations for growth for the company's Q1 earnings.

Why it matters: Disney's streaming success has helped the company offset losses from pandemic-related headwinds to its parks & resorts and studios businesses.

By the numbers:

  • Total paid streaming subscribers: 146 million
  • Disney+ subscribers: 94.9 million
  • ESPN+ subscribers: 12.1 million
  • Hulu SVOD subscribers: 35.4 million
  • Hulu SVOD+Live subscribers: 4 million

Details: In total, Disney says its direct-to-consumer revenues were up 73% to $3.5 billion. Its losses were also lower last quarter, thanks to improved results at Hulu, and to a lesser extent, at Disney+ and ESPN+.

Yes, but: The average revenue per streaming subscriber fell significantly last quarter, due to the fact the company is now including subscribers to its Indian subscription streaming service, Hotstar, in its calculus.

  • "The average monthly revenue per paid subscriber for Disney+ Hotstar is significantly lower than the average monthly revenue per paid subscriber for Disney+ in other markets," the company noted in a statement.

Catch up quick: Disney has been forced to close most of its parks, or operate them at limited capacity due to the pandemic. The company laid off 28,000 people last year at its theme parks and experiences and consumer products divisions.

  • The company said on Thursday that it expects Disneyland and Disneyland Paris to remain closed through Q2 2021.

The bottom line: Disney has in the past year reoriented its business around streaming in an effort to capitalize on the growth of streaming during the pandemic.

Go deeper:

Go deeper

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.

Police officers' immunity from lawsuits is getting a fresh look

Illustration: Aïda Amer/Axios

Nearly a year after the death of George Floyd, advocates of changes in police practices are launching new moves to limit or eliminate legal liability protections for officers accused of excessive force.

Why it matters: Revising or eliminating qualified immunity — the shield police officers have now — could force officers accused of excessive force to personally face civil penalties in addition to their departments. But such a change could intensify a nationwide police officer shortage, critics say. 

The U.S. coronavirus vaccines aren't all the same

Illustration: Eniola Odetunde/Axios

The U.S. now has three COVID-19 vaccines, and public health officials are quick — and careful — to say there’s no bad option. But their effectiveness, manufacturing and distribution vary.

Why it matters: Any of the authorized vaccines are much better than no vaccine, especially for people at high risk of severe coronavirus infections. But their differences may fuel perceptions of inequity, and raise legitimate questions about the best way to use each one.