House of Mouse Announces 10 Million Signups on Disney+ Launch Day
Business Wars Daily
Wondery
4.6 • 716 Ratings
🗓️ 19 November 2019
⏱️ 7 minutes
🧾️ Download transcript
Summary
Today is Tuesday, November 19, and we’re looking at Disney vs. Netflix.
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Transcript
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| 0:00.0 | Wonderly Plus subscribers can listen to Business Wars daily ad-free right now. |
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| 0:49.3 | One, three. From Wondry, I'm David Brown, and this is Business Wars Daily on this Tuesday, November 19th. |
| 1:08.4 | Great to have you with us. By any measure, Disney knocked it out of the park last Tuesday when it launched its new family-friendly streaming service Disney Plus. You've heard about it, right? The company announced more than 10 million new subscriptions on its first day, scoring some technical glitches, but also shooting past analysts' expectations and apparently their own |
| 1:28.9 | expectations, too. Analysts had predicted Disney Plus would reach 10 to 18 million subscribers in its first |
| 1:35.6 | year, according to The Verge. Disney's stock shot up 7% on the news. That 10 million number looks all the |
| 1:42.7 | more striking when you compare it to those of |
| 1:44.6 | existing streaming services. Hulu Plus, which Disney now owns, has 28 million subscribers, and it's |
| 1:51.3 | been around for 11 years. Then there's ESPN Plus, another Disney property launched in April |
| 1:56.1 | 2018, and it has only 2.5 million subscribers, according to CNBC. Of course, Netflix still dominates |
| 2:03.3 | with 158 million subscribers worldwide, but then again, Netflix created the streaming video category |
| 2:10.4 | way back in 2007. And if there's anyone staying up at night worrying about the success of Disney Plus, |
| 2:17.2 | it's Netflix CEO Reed Hastings. |
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