OTT

Disney+ subs surpass 60 million

BURBANK, Calif. — During a fiscal quarter feeling the full impact of the Covid-19 pandemic, the Walt Disney Company’s biggest bright spot in its third quarter was its Disney+ service which now boasted 57.5 million subscribers as of June 27, 2020, its quarter end. During the company’s conference call with financial analysts, however, CEO Bob Chapek said the streamer now has 60.5 million subscribers. While the company’s consolidated revenues for Q3 2020 suffered a 42% decrease to $11.8 billion from $20.3 billion in Q3 2019, Disney’s direct-to-consumer and international segment (which includes Disney+) enjoyed a 2% increase in revenue to...