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Walt Disney Company s streaming platform Disney+ surpassed 100 million paying subscribers mark across 59 countries just 16 months after it launched operations.
Disney+, which saw its subscriber base expand to 87 million paying members in the first year of operations, is fast emerging as one of main challengers to the global dominance of Netflix that boasts more than 200 million customers.
“The enormous success of Disney+ … has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content,” Walt Disney’s chief executive, Bob Chapek, said in a statement to the company’s virtual meeting of shareholders on Tuesday.
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