Disney+ streaming service reaches 10 million sign-ups, shares soar

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Disney+ streaming service reaches 10 million sign-ups, shares soar

On Wednesday, the 13th of November 2019, the American multinational mass media company and entertainment conglomerate,the Walt Disney Company, headquartered in the Burbank Walt Disney Studio Complex, CA, had issued a statement saying that its new streaming media service, Disney+, had reached 10 million sign-ups just after a day of its launch on November 12th, lifting its shares up by 3.5 per cent to $143.53 in early US trading hours.

In point of fact, latest Disney+ announcement comes over the heels of an earlier projection of the entertainment conglomerate in March this year, while it was quoted saying that the CA-based mass media mogul had been planning to reach out a figure between 60 million to 90 million Disney+ paid subscribers by April 2024.

Nonetheless, Walt Disney’s media streaming service, Disney+, was hit with potential software glitches yesterday (November 12th) following its launch, while many of its customers were failed to log in or sign up, nonetheless, after a blockbuster launch of Disney+ in Canada, Netherlands, and the Untied States, Disney+ executives were quoted saying that the temporary disruptions were meaded off a much-higher than expected demands, as Disney+ appeared to be well-on course to take on streaming media pioneer Netflix Inc.

alongside some of its older rivals likes of Amazon Prime video. So far, Netflix Inc. has more than 60 million paid subscribers in the United States alongside 158 million across the globe, a figure which Walt Disney’s Disney+ aims to reach over the next five years.