(CNN) — Disneyland is expected to open by “late April,” Disney CEO Bob Chapek said Tuesday. The announcement follows an update from the state of California on Friday allowing amusement parks to reopen with capacity limits starting on April 1. Chapek made the Disneyland announcement during the annual meeting of Disney shareholders. “While last week’s […]
Walt Disney Co's Disney+ streaming service has signed up more than 100 million paying subscribers around the world in its first 16 months, Chief Executive Bob Chapek said at the company's annual shareholder meeting on Tuesday.
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Walt Disney Co. s key streaming service Disney+ has surpassed 100 million subscribers in the 16 months since it launched, Chief Executive Bob Chapek said during the company’s annual shareholder meeting Tuesday.
Disney’s milestone is a heartening development for a company that has weathered extraordinary challenges because of the COVID-19 pandemic.
The subscriber count is up from the 94.9 million accounts Disney reported last month for the quarter that ended in January. And the surge fueled by hits such as “The Mandalorian” and “WandaVision” has encouraged the company to spend more on growing its streaming businesses. Disney in December unveiled an aggressive plan to ramp up programming for the service to 100 new titles a year.
Closed for a year because of the pandemic, Disneyland Resort in Southern California is expected to reopen by late April 2021, Disney CEO Bob Chapek says.