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Disney Plus adds another 8.7 million global subs

Streamer has now reached 103 million global subscribers

Disney Plus has now reached 103.6 million subscribers, up from 94.9 million at the start of the year.

The company announced the latest figures as part of its Q2 2021 report. It revealed in March that it had passed the 100 million subscriber mark.

By comparison, Netflix added around 4 million subscribers to its global number during Q1 2020.

Disney CEO Bob Chapek and chief financial officer Christine McCarthy said Disney Plus is still on course to reach the company’s target of 230-260 million subscribers by the end of 2024.

They added that the SVoD isn’t seeing a great deal of subscriber churn, despite rising its prices in both the US and Europe recently. ““We seem to be fairly resilient, which makes us feel relatively bullish going forward,” said McCarthy.

Across all of its direct-to-consumer offerings, Disney’s revenue for the quarter increased by 59 per cent to $4 billion.