For the first time, Disney, the Walt Disney Group’s streaming entity has seen its total number of subscribers surpassing its competitor Netflix.
Disney, the US-based mass media and entertainment conglomerate has increased its subscribers by 14.4 million during its fiscal third quarter, April-June period of 2022.
Disney said, “We now have 221 million total subscriptions across our streaming offerings.”
However, Netflix’s said it had 220.6 million global streaming paid memberships in the April-June period of 2022, narrowly losing to its rival.
In fact, Netflix has lost 200,000 subscribers from Jan-March 2022, marking its first loss in users since October 2011.
It also lost one million subscribers in the second quarter of this year, which was lower than its forecast of two million, according to its financial statement.
This marks the first time any streaming service surpassed Netflix in total subscribers, and it makes Disney the world’s largest streaming service provider in the industry in terms of the number of subscribers.
