Feb 4, 2020
Demand for Disney+ exceeds expectations
Walt Disney said about 28.6 million people had signed up for Disney+ since it started in November. Disney chief Bob Iger called the launch "Enormously successful". Disney announced in 2017 that it would create its own streaming service, aiming to combat the declining audiences for its traditional business as viewers move online. Disney said revenues in the quarter were up 36% year-on-year. Disney shares rose more than 2% in after-hours trade.
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