Elizabeth Olsen and Paul Bettany star as Wanda Maximoff and Vision in Marvel’s “WandaVision.”
Disney+ has topped 100 million global subscribers.
On Tuesday Disney CEO Bob Chapek revealed the streaming service surpassed the benchmark in just 16 months since its launch.
“The enormous success of Disney+, which has now surpassed 100 million subscribers, has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content,” Chapek said in statement.
Disney+ exceeded the company’s initial subscriber goal of 60 million to 90 million by 2024 back in November, forcing it to reforecast. The company expects Disney+ will have 230 million to 260 million subscribers by 2024.
The streaming service has seen rapid growth in subscribers since its launch in November 2019. On day one, the company had 10 million sign-ups and, by the end of the first quarter, the service had secured 26.5 million subscribers.
These strong subscriber numbers come just months after Disney told investors it planned to push more heavily into streaming. In October, the company began restructuring its media and entertainment divisions to focus more on Disney+.
In December, Disney shared plans for around 100 film and television projects, around 80% are set to go directly to Disney+. This includes nearly a dozen Marvel series and more than 10 Star Wars shows.
This is a breaking news story. Please check back for updates.