Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the 2019 D23 Expo in Anaheim, California on August 22, 2019.
Patrick T. Fallon | Bloomberg via Getty Images
The SDisney streaming service Disney + continues to gain subscribers. On Thursday, the company announced that the platform now has 86.8 million subscribers on its annual investor day. That’s more than the 73 million the company reported at the end of its fourth fiscal quarter.
The company’s shares rose 3% on the news.
As of December 2, the company also has 38.8 million Hulu subscribers and 11.5 million ESPN + subscribers.
The entertainment giant’s stock hit a record close of $ 154.69 on Thursday, just before the company’s annual investor event, which is set to announce plans for 2021 and beyond. Disney stock hit an intraday all-time high of $ 155.34 on Thursday.
After rival Warner Bros. announced that it would release 17 films the same day on HBO Max and in theaters the next day, analysts and investors are excited to see how Disney will maneuver through the uncertainty still looming from a global pandemic is.
Kareem Daniel, head of the company’s new media and entertainment sales group, said theatrical releases help build franchises. Something Disney has done well with blockbusters from Marvel and Star Wars over the past decade.
Daniel announced that in Disney + 10 Marvel series, 10 Star Wars series, 15 Disney live action, Disney animation and Pixar series, and 15 Disney live action, Disney animation and Pixar series -Films will be shown.
The company will simultaneously be releasing the Raya and the Last Dragon animated feature on premium video-on-demand via Disney + and in theaters.
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