With 54.5 Million Users, Disney+ Is Now Netflix’s Top Challenger

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In the middle of a downbeat earnings report, Walt Disney Co. delivered some good news: Its fledgling streaming service already has 54.5 million subscribers.

Disney+, which only launched in November, has grown explosively -- and now its international expansion is giving it new momentum. In just the past couple months, the $7-a-month platform has added about 20 million subscribers.