With Disney+ boasting 95 million global subscribers just 14 months after its launch, Walt Disney (NYSE: DIS) and its investors have to be pleased. If it hits that new target, the streaming service will surpass Netflix's (NASDAQ: NFLX) current subscriber total. According to internal data seen by tech-sector news site The Information, 40% of Disney+ subscribers are in the U.S. And McCarthy said about 30% of its subscribers are on the Disney+ Hotstar plan, heavily concentrated in India.
When Disney (NYSE: DIS) reported first-quarter earnings last week, strength in streaming video helped the company deliver a surprise profit. Subscribers to Disney+, the company's flagship streaming service, came in at nearly 95 million; 21 million were added over the preceding three months alone. This means that in just over a year, Disney+ has added nearly half as many subscribers as Netflix (NASDAQ: NFLX) added in a decade.
Netflix (NASDAQ: NFLX) has long believed that by packing its library with the best quality content it can make (or find), the company will continue to attract new viewers. Netflix recently ran the table at the Golden Globe nominations, beating out a host of contenders. On this clip from Motley Fool Live, recorded on Feb. 10, "The Wrap" host Jason Hall, and Fool.com contributor Danny Vena discuss why this was such a groundbreaking year for streaming services and what it means for Netflix.