Fri 12 August 2022:
For the first time, the Walt Disney Company’s streaming service Disney+ surpassed rival Netflix in total subscribers.
The multinational mass media and entertainment corporation located in the United States added 14.4 million Disney+ customers during its fiscal third quarter, which ran from April to June of this year.
“We now have 221 million total subscriptions across our streaming offerings,” the company said in its financial results statement released on late Wednesday.
In contrast, Netflix’s financial results statement released on July 19 showed that it had 220.6 million global streaming paid memberships in the April-June period of this year.
Netflix lost 200,000 subscribers during the first three months of the year, marking its first loss in users since October 2011.
According to its financial statement, it also lost 1 million customers in the second quarter of this year, which was less than its expectation of 2 million.
This is the first time any streaming service has exceeded Netflix in total subscribers, making Disney+ the world’s largest streaming service provider in terms of subscribers.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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