The company said that its Disney+ (DIS) - Get Report streaming service surpassed 100 million global paid subscribers just 16 months since its launch.
CEO Bob Chapek made the announcement during the company's virtual annual shareholders meeting.
"Our direct-to-consumer business is the company’s top priority, and our robust pipeline of content will continue to fuel its growth," Chapek said in a statement.
The service launched in the U.S. on Nov. 12, 2019, and has quickly been rolled out across Canada, Australia, New Zealand, Europe, Latin America, and most recently, Singapore.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on Disney.
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