A large chunk of the aforesaid growth came from Disney+ Hotstar, which launched as a combined entity in April in India, followed by a September launch in Indonesia as well. According to company executives quoted by Protocol, India alone accounts for 25 percent of all Disney+ subscribers. The company, however, also pointed out that the average monthly revenue per paid subscriber for Disney+ Hotstar in India and Indonesia is significantly lower than the subscription charges in North America and Europe. Speaking about the growth of Disney+ in the US and around the world, CEO Bob Chapek said that the popularity of the service has exceeded even the company’s own expectations. “(It has been) a real bright spot amidst the pandemic,” he added. Before its launch earlier last year, the company, then headed by CEO Bob Iger, predicted that Disney+ would have 60-90 million subscribers by 2024. Going forward, the company expects to get a significant number of new subscribers from its Latin America launch, which is slated for next Tuesday. In terms of the financials, the company earned $14.7 billion in revenues during the quarter, a big chunk of which came from Disney+. The number is significantly below the $19.1 million the company earned during the same quarter last year, largely on account of the pandemic and the associated slowdown in its theater and theme park businesses.
