Streaming service Disney+ crosses 50 million paid subscribers globally

FILE PHOTO: A smartphone with displayed "Disney" logo is seen on the keyboard in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic/File Photo

(Reuters) – Walt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid users, with 8 million of them coming from India where the video streaming service was rolled out last week.

Rival Netflix Inc, which has services available in over 190 countries, has nearly 167 million paid subscribers globally as of its last reported quarter.

The coronavirus pandemic, and the resulting move across the world towards working from home, has driven a boom in usage of online gaming, streaming and communications.

Disney+ was rolled out in eight European countries, including the UK, Ireland, France, Germany, Italy, Spain, Austria and Switzerland, in the last two weeks, the company said. It was launched in the United States in November.

The service is available in India in conjunction with the Hotstar streaming platform, which was acquired as part of Disney’s $71 billion purchase of Twenty-First Century Fox in 2019.

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