Disney+ Revises Streaming Subscriber Target

Click here to read the full article.As Wall Street cools on scale as a primary metric for investors to judge Hollywood’s streaming race, Disney is revising its ambitious forecast for subscriber additions on its flagship platform.The company has separated its streaming guidance and now expects to hit 135 million to 165 million Disney+ subscribers by 2024. And it additionally expects Disney+ Hotstar subscribers to reach up to 80 million subscribers by the same year.In its most recent quarter, Disney added 14.4 million subscribers to hit 152 million total global subs, but that figure also includes Disney+ Hotstar, which is now being separated out in guidance. Without Hotstar, Disney+ currently has 93.6 million subscribers as of July 2 — meaning that Disney+ is hoping to add between 40 million and 70 million subscribers by the end of fiscal 2024.The Hollywood giant had previously set a goal of about 230 million to 260 million subscribers to Disney+ and Disney+ Hotstar by ...