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BREAKING: Disney+ reaches 50 million paid subscribers in 5 months worldwide, $DIS announces...
This should put Disney+ well ahead of its corporate sibling Hulu, which at last count was 30.4 million as of Feb. 2020. variety.com/2020/tv/news/d…

Netflix still sitting comfortably at 167 million. But...
Disney+ sub base trajectory is growing at an astonishing growth rate. Consider $DIS issued guidance last year that #DisneyPlus would reach 60-90 million subs by 2024! Some other leading analysts had even loftier projections
A key question it will take more time to answer: How much of this growth is attributable to the surge in viewing we're seeing across "sheltered at home" audiences? Surely it's a factor...but what would this number have been without coronavirus? 🤔
Recall this Q419 data point on app downloads. Woulda thought this number would taper off this quarter, but...
For more of this data and analysis, join Variety Intelligence Platform and get the brand spanking new "Dare to Stream" report, with 60+ pages on all the key market entrants. is.gd/UO371d
Here's an updated chart on how many global subscribers each of the leading streaming services has, including new Disney+ #. More available at variety.com/VIP
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Andrew Wallenstein
@awallenstein
Chernin: “Trust me there is a helluva lot of disruption coming. Those who don’t figure that out won’t be here in 3-4 years.”
Chernin warns the Hollywood dealmakers of tech giants: “Their desire is to build these platforms to scale and figure out how to squeeze margin out of these platforms. In a much more opaque world, how do you make sure talent gets paid for the growth of these platforms?”
He’s got a production company to protect, so Chernin is bearish on the walled ecosystems just producing for themselves. “I believe that’s bad for creativity. Creativity flourishes in a certain amount of chaos. They’d be better served buying the best content wherever they could.”
Read 6 tweets
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Andrew Wallenstein
@awallenstein
Netflix packed a lot of cherry-picked audience data into its Q2 investor letter.

The benchmark du jour: "How many households watched in the first four weeks":

Murder Mystery, 73 million
The Perfect Date, 48m
Always Be My Maybe, 32m
Dead to Me, 30m
When They See Us, 25m
Gotta love Netflix spin on losing Friends and The Office: now we have more $$ to spend on original content! Like if Netflix just spends those license fees on a few dozen new shows, they'll make up that lost audience easy! Color me skeptical.
More Netflix spin on all the new competition coming its way. Translation: "Well, they're not really competitors so much as they are other market entrants that will help demonstrate to consumers the power of streaming."

A rising tide isn't guaranteed to lift your boat, Reed...
Read 4 tweets
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Andrew Wallenstein
@awallenstein
Fascinating potential battle brewing in the SVOD space...

Traditional big-box retailer enlists old-media veteran to challenge the streaming giants...

Basically, it’s like a corporate version of ‘Uncle Drew.’
$NFLX down ~5% today, and the mere whiff of Walmart breathing down its neck is probably why. I'll believe their market entry when I see it, but here's why this should be taken seriously. Thread...
Walmart is not some Johnny-come-lately looking to dabble in the video business. They were a dominant force in the DVD biz in its heyday, and segued online more recently with its Vudu brand. Not exactly a raging success story though...
Read 13 tweets

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