Disney+ launched a little over a month ago, and the new streaming giant is making waves with investors.
According to CNBC, Disney+ has been valued by investors at over a $100 billions an estimate by Barclays, which shows confidence in streaming service by investors.
Barclays estimated the value of the streaming services which include Disney+, Hulu and ESPN+ by calculating an enterprise value for the core business of Disney, and then subtracting that estimate from the company’s current total enterprise value of roughly $320 billion. Enterprise value is a measure that combines market cap with short and long-term debt.
Barclays estimates that Disney is bringing in over $213 billion via the movie studios, parks, television, retail, etc. That leaves Disney+ at around $100-$108 billion, which is 69% of Netflix’s enterprise, which took the streaming giant 13 years to get to that point.
Disney has a market cap of about $260 billion, while Netflix is at about $144 billion.
Read: Trailer For The Upcoming Disney+ Series ‘Diary Of A Future President’ Released
Since Disney+ launched back in November the service has earned over 15 million subscribers, with over 25 million app downloads.
Along with over 80 years of exsisting Disney content, the service offers a variety of popular original programming like The Mandalorian, The Imagineering Story, High School Musical: The Musical: The Series, Togo, Lady and the Tramp, Noelle, The World According to Jeff Goldblum, and Encore, amongst others to come in 2020 and beyond.
SEE IT: First Set Photos From Disney’s Live-Action ‘Lilo & Stitch’ Surface
Russell T. Davies Possibly Hints at Jonathan Groff’s ‘Doctor Who’ Character
Jonathan Groff Nabs Key Role In New ‘Doctor Who’ Series At Disney+