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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