The streaming service has surpassed 100 million global subscribers in just 16 months, Disney CEO Bob Chapek announced at the company’s annual shareholders meeting, which was held virtually on Tuesday.
“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,” Chapek said in a statement.
It’s a big accomplishment for the House of Mouse.
The CEO noted on Tuesday that the company is targeting more than 100 new titles per year from its biggest brands including Marvel Studios, Star Wars, Disney Animation and National Geographic.
“Our direct-to-consumer business is the Company’s top priority,” Chapek said, “and our robust pipeline of content will continue to fuel its growth.”
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