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        <title><![CDATA[Disney+ lands more than 50 million subscribers in 5 months amid pandemic]]></title>
        <atom:link href="https://usagag.com/2020/04/09/disney-lands-more-than-50-million-subscribers-in-5-months-amid-pandemic/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/04/09/disney-lands-more-than-50-million-subscribers-in-5-months-amid-pandemic/</link>
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            <media:title type="html">Disney+ lands more than 50 million subscribers in 5 months amid pandemic</media:title>
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        <content:encoded><![CDATA[<p>Disney+ has racked up more than 50 million paid subscribers within five months, an early sign the Mouse House is gaining ground in the streaming wars.</p><p>Roughly 8 million of those accounts came from India, where Disney+ became available last week, Disney said Wednesday. The service boasting an extensive library of Disney, Pixar and Marvel content has expanded to more than a dozen countries <strong>since its initial November launch</strong>.</p><p>&#8220;We’re truly humbled that Disney+ is resonating with millions around the globe, and believe this bodes well for our continued expansion throughout Western Europe and into Japan and all of Latin America later this year,&#8221; according to Kevin Mayer, chairman of Disney&#8217;s Direct-to-Consumer &amp; International segment.</p><p>Disney shares soared following the news. They were up 6.7 percent in premarket trading at $107.81 as of 7:01 a.m. Thursday.</p><p>The Disney+ user base is now equivalent to about 30 percent of the roughly 167 million global paid members Netflix reported at the end of last year. It&#8217;s also beating out Disney-controlled Hulu, which launched in 2007 and had 30.7 million paid subscribers as of early February.</p><p>Disney+ is a bright spot for the Mouse House amid the coronavirus pandemic. The company has had to close theme parks around the world and delay the release of blockbuster movies such as &#8220;Mulan&#8221; and &#8220;Black Widow&#8221; because of the health crisis.</p><p>Disney said last week that it would <strong>furlough all employees</strong> &#8220;whose jobs aren’t necessary at this time&#8221; as of April 19. Executive chairman Bob Iger is <strong>giving up his salary</strong> during the tumultuous period, though it accounts for a small fraction of his total compensation.</p>]]></content:encoded>
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