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Arts & Entertainment

Disney+ Hits 10 Million Subscribers in 24 Hours

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
November 13, 2019, 12:55 PM ET

The new Disney+ streaming service is less than two days old, but it already has a user base of over 10 million people.

It signed up over 10 million subscribers in its first day of operations, the company said Wednesday. That’s notably higher than the 8 million analysts were expecting.

The question now becomes how many of those users will convert to paid subscribers when their one-week free trial ends (or when the free year for Verizon customers expires). Disney won’t answer that until its quarterly earnings call, which is expected next February.

Disney shares spiked on the news. The stock was up nearly 3% in midday trading.

Read: Here are the devices you can use to download and watch Disney+

Day one was a rocky one for Disney+, which saw several tech errors that prevented some subscribers from being able to access content. Some Star Wars fans were also upset about changes to a scene in the original film, reviving the debate on whether Han shot first. (If you don’t know what that’s about, you’re probably better off staying that way.)

Disney+ offers more than 500 movies and more than 7,500 episodes of library television content, By year five, says Iger, Disney+ will offer more than 620 movies and more than 10,000 television episodes. Neither of those figures includes original shorts and features.

More must-read stories from Fortune:

—Hideo Kojima on Death Stranding and more
—Review: Apple Watch Series 5 is insanely great
—Workers are worried robots will steal their jobs
—Apple tackles California’s housing crisis amid Apple TV Plus questions
—New bank offers 3% interest rate for “good behavior”
Catch up with Data Sheet, Fortune’s daily digest on the business of tech.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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