The coronavirus has had a lasting impact on Hollywood, but according to a new report, it may help Disney’s streaming service Disney+ moving forward.
UK firm Digital TV Research forecast that Disney+ could reach over 202 million global subscribers by 2025. That’s 98 million more than Disney’s previous outlook, which was at 126 million by 2025, it is also much higher Disney’s project number for 2024, which was set around 60-90 million.
“We have completely revised our forecasts for 138 countries in the wake of the COVID-19 pandemic,” said Simon Murray, principal analyst at Digital TV Research. “A major impact of lockdown has been a steep rise in SVOD subscriptions.”
Last week, Disney announced the service had reached 54.5 million subscribers as of May 4. The service launched in November, but has just recently reached the U.K. and some major Western European countries. There are several key territories that are still waiting to launch including South America and some Asian territories.
As Disney+ gains a monumental boost in projected subscribers for 2025, the firm still sees Netflix being the global streaming leader still with 258 million subscribers. HBO Max and Apple TV+, are predicted to be much farther behind in 2025, with 25 million and 14 million subscribers, respectively.
As new streaming services begin to roll out, and some families still in quarantine due to the coronavirus, the firm believes every studio will benefit. Take a look at the numbers in this chart from the firm:
Source: UK Digital TV Research