Disney+ has 116 million subscribers and will land in Hong Kong and Taiwan by the end of the year

According to media reports, Disney Pictures announced that its streaming media platform Disney+ will be launched in South Korea, Hong Kong, and Taiwan in November this year to further expand its Asia-Pacific business.

According to related forecasts, these three markets are expected to obtain nearly 5 million subscribers and $330 million in revenue for Disney+ by the end of 2022.

Currently, Australia, New Zealand, Japan, and Singapore in the Asia-Pacific region have launched Disney+.

The Disney streaming media launched in India, Malaysia, Indonesia, and Thailand is called Disney+ Hotstar.

According to statistics, as of the third fiscal quarter on July 3, the cumulative number of Disney+ global subscribers reached 116 million, twice the number of 58 million a year ago.

This has exceeded the expectations of Wall Street analysts, and the growth rate has exceeded that of competitors such as Netflix.

In the most recent quarter, Disney+ added 12 million subscribers.

It is planned that by the end of 2024, five years after the launch of Disney+, global subscribers will reach 240-260 million.

In addition to Disney+, ESPN+ and Hulu also maintained strong growth.

ESPN+ has 14.9 million subscribers and Hulu has 42.8 million.

At present, the total number of global subscribers of Disney’s streaming media business including the three is close to 174 million.

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