Disney overtakes Netflix in subscriber numbers for first time

Lakh Baddhan

Senior Editor


Disney has overtaken Netflix in subscriber numbers for the first time.

Upon announcing its figures, Disney also announced that it will be launching a new ad-supported streaming service in the US this December.

Disney reported 221.1 million subscribers across its three streaming platforms – Disney+, Hulu and ESPN+, at the start of July. Netflix was behind Disney, which has been losing customers.

Disney did signal a warning saying that its subscribers could drop after it lost streaming IPL cricket rights in India.

“We are in a position of strength with record upfront advertising commitment,” chief executive Bob Chapek told analysts in a conference call to discuss the firm’s financial results.