Disney+ breaks target by surpassing 100 million subscribers

Disney's streaming service, Disney+ has achieved 100 million global subscribers in about 16 months by breaking its own initial goal of reaching 60- 90 million subscribers by 2024.

Disney CEO Bob Chapek revealed the news at the company's annual shareholders' meeting on Tuesday.

"The enormous success of Disney+, which has now surpassed 100 million subscribers, 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.

Disney+ has ensured its investors with restructuring its media and entertainment divisions.

Besides, it announced plans for relatively 100 movies and television projects including nearly a dozen Marvel series and more than 10 Star Wars shows which might have something to do with its massive advancement.

As the popular Tv series "The Mandalorian" and its first Marvel series "WandaVision" have driven its sign-ups.

Since its launch in 2019, the streaming service has developed rapidly.

The increasing demand for their contents made the achievers to reforecast.

They are currently expecting to reach 230- 260 million subscribers by 2024.