The Walt Disney Company has announced that the number of paid subscriptions to its on-demand streaming service "Disney+" has exceeded 50 million, nearly five months after its launch in the United States.
Disney said that about 8 million of these accounts came from India, where Disney+ became available last week.
The service launched around the world features a wide library, including Pixar and Marval content to more than 12 countries since its initial launch last November.
Disney's share price rose by 6.7% after achieving these multiplying subscriber numbers at $ 107.81 as of Thursday morning.
The Disney+ user base is now about 30% of the nearly 167 million Netflix members worldwide, according to reports at the end of last year.
It also beat Disney-controlled Hulu, which was launched in 2007 and had 30.7 million paid subscribers as of early February.
Analysts attributed the surge in the number of paid subscriptions to the measures of the current lockdown and quarantine adopted by many countries to combat the spread of the novel coronavirus.
On the other hand, the company said in a statement last week that it would expel unnecessary jobs starting April 19, and chief executive Bob Egger has given up his salary due to the crisis caused by deadly virus.
It is noteworthy that the US entertainment company had previously expected the number of subscriptions to reach 60-90 million by 2024.
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