Walt Disney Co.’s flagship streaming platform topped 100 million users just 16 months after its launch, quickly establishing the service as Netflix Inc.’s most-formidable competitor.
The company announced that it reached the milestone on Tuesday, just ahead of its annual meeting. The service, called Disney+, debuted in the U.S. in November and rolled out to Canada, Australia, Latin America and Singapore in the following months.
The rapid ascent of the service underscores the power of the Disney name, along with entertainment franchises that include Marvel, Star Wars and Pixar. Netflix, the pioneer in subscription streaming, finished 2020 with almost 204 million subscribers globally.