After the closing of the marketplace on 10 December 2020, the Walt Disney Corporation (NYSE: DIS at https://www.webull.com/quote/nyse-dis) held its Investor Day 2020. Many of Disney’s primary updates included continued strong growth in subscriptions this year, ambitious predictions for growth to 2024, a surge of new material for the service, and a small rise in the price.
Disney+ Growth of Subscription
As at 2ndDecember 2020, Disney+ currently has 86.8 million subscribers up from 73.7 million on 30 September 2020, the day on which Disney finished its financial year 2020. Eight months after its beginnings in August 2020, Disney+ had 60,5 million users, near the internal estimates of where it was going to be five years from now.
The company currently expects to have between 230 and 260 million customers in Disney+ by 2024. Disney plans to raise the monthly rate from $6.99 to $7.99 and hopes that by the 2024 budget year, which will conclude in September 2024, the program will attain sustainability.
The new rollout of Disney+ is a triumph for Disney and big releases will be made in Eastern Europe, Hong Kong and South Korea in 2021. Back in the United States, Disney announced that it would make Disney+ and ESPN+ accessible to all of its cable and Internet clients through the Comcast Company (CMCSA).
Disney+ New Features
In the work for eventual release on the Disney+, there are 10 Marvel episodes, 10 Star Wars series, 15 films in total from Disney Live Action, Disney animation and Pixar, as well as a total of 15 movies from Disney Live Action, Disney An, and 15 other new content. Disney Chef Robert Iger emphasized: the emphasis is on “quality, not volume,” and “quality holds value.”
Original episodes are on the menu on the basis of ‘Willow,’ ‘The Mighty Ducks,’ ‘Percy Jackson,’ ‘Ships’ and ‘Star Wars.’ “The Mandalorian” creators are collaborating on two new films, the “The Rangers of the New Republic” and the “Ahsoka.” a selection of the new projects being produced on the basis of older (NYSE: DIS) assets.
Disney understood that the coming live-action films “Pinocchio” and “Peter Pan and Wendy,” based on old Disney animated classics, would indeed skip theatres and go directly to Disney+ instead. It supports earlier non-official rumours.Still planned launches
Disney points out in the presentations that the conventional theatre releases play a major role in setting film franchises However, theatres are either closed or running way below capacity due to the COVID-19.The expected theatre releases of Disney were then postponed to the second half of 2021 and beyond. These include a film from Indiana Jones for 2022, and a film from Star Wars, “Rogue Squadron” for Christmas 2023. You can get more information from https://www.webull.com/newslist/nyse-dis.