Disney+ Is Off to a Fast Start With 28.6 Million Subscribers
- First quarterly report for streaming effort beats forecasts
- Disney parks in Asia are grappling with coronavirus fallout
Walt Disney Co.’s crusade to become a streaming giant is off to a swift start.
Subscribers to the new Disney+ online service soared to 28.6 million by early February, suggesting the company founded nearly a century ago can challenge Netflix Inc. in the crowded market for online TV. Analysts were forecasting a year-end total of 20.8 million, according to the Bloomberg Consensus.