Disney Shareholder Meeting Announcements Include Disney+ Subscribers Top 100 Million

 by Ray Keating

News

DisneyBizJournal.com

March 9, 2021

 

During its annual shareholder meeting today, The Walt Disney Company announced that its Disney+ streaming service subscriber number topped 100 million.

Disney CEO Bob Chapek said, “The enormous success of Disney+ —which has now surpassed 100 million subscribers—has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content... In fact, we set a target of 100+ new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. Our direct-to-consumer business is the company’s top priority, and our robust pipeline of content will continue to fuel its growth.”

 

As of the end of its first quarter on January 2, 2021, Disney+ subscribers had registered 94.9 million. The service is 16 months old and is available in 59 countries now.

 

All ten members of the Disney board of directors also were re-elected.

 

Bob Iger noted that this would be his last shareholder meeting, and he will be leaving Disney at the end of the year.

 

Beyond the Disney+ announcement, Chapek mentioned that Black Widow is still set for a theatrical release on May 7, and West Side Story will hit theaters on December 10.

 

In addition, Chapek said the company was looking to open Disneyland in late April. A firm date would be announced later.

 

And Remy’s Ratatouille Adventure will be opened on October 1 at EPCOT’s France pavilion, with Avengers Campus opening later this year at Disneyland’s California Adventure.

 

Finally, the Disney college program will be reinstated, but no specific date has been set. Chapek was hoping that it might happen by the end of the year.

 

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Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of the  Pastor Stephen Grant novels and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

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Keating has two new books out. Vatican Shadows: A Pastor Stephen Grant Novel is the 13ththriller/mystery in the Pastor Stephen Grant series. Get the paperback or Kindle edition at Amazon, or signed books at www.raykeatingonline.com. Past Lives: A Pastor Stephen Grant Short Story is the 14th book in the series. Get the paperback or Kindle edition at Amazon, or signed book at www.raykeatingonline.com. 

 

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