According to foreign media reports, Disney Has announced that its streaming platform Disney+ will launch in South Korea, Hong Kong and Taiwan in November, further expanding its business in the Asia-Pacific region. Those three markets are expected to generate nearly 5 million subscribers and $330 million in revenue for Disney+ by the end of 2022, according to projections.
Currently, Disney+ is available in Australia, New Zealand, Japan and Singapore in the Asia-Pacific region, while The streaming service is called Disney+ Hotstar in India, Malaysia, Indonesia and Thailand.
In the third quarter ended July 3, Disney+ racked up 116 million subscribers worldwide, double the 58 million subscribers of a year earlier, beating Wall Street analysts' expectations and outpacing competitors like Netflix. Disney+ added 12 million subscribers in its most recent quarter and plans to have 240 million to 260 million subscribers worldwide by the end of 2024, five years after Disney+ launched.
In addition to Disney+, ESPN+ and Hulu also continued strong growth, with 14.9 million subscribers for ESPN+ and 42.8 million subscribers for Hulu, bringing the total number of Disney streaming subscribers worldwide to nearly 174 million.
