Disney CEO Bob Chapek said at the Disney Annual General Meeting on Tuesday that the Disney+ video streaming service has signed up more than 100 million paid users worldwide in the first 16 months. Disney+ is available in 59 countries/regions around the world. The video streaming service was launched in the United States on November 12, 2019, and has been rapidly promoted in Canada, Australia, New Zealand, Europe, Latin America, and most recently Singapore. The service is provided in the form of Disney + Hotstar in India.
According to the company’s announcement on the quarterly earnings conference call, the 28 million Disney + Hotstar paid subscribers in the country accounted for 30% of the Disney + global figure (at the time, 94.9 million) in February.
Chapek also stated that Disney hopes to reopen its California theme park in late April to restrict visitors. Due to the COVID-19 pandemic, the park closed a year ago.
California officials have established guidelines that allow the state’s theme parks to reopen as soon as April 1. Chapek said it will take several weeks to recall 10,000 employees on leave to two of its theme parks at the Disneyland Resort in Anaheim and receive new training. Virus safety program.
Chapek said that in addition, Disney may resume some cruise operations in the fall.
Disney has been hit hard by the coronavirus pandemic due to the forced closure of theme parks and movie theaters, but Wall Street has left a deep impression with the growth of Disney+. Disney+ debuted in November 2019.
The company hopes to make a comeback in cinemas this year. Chapek said it is currently planning to release “Marvel Movie Black Widow” in cinemas on May 7.
When asked if he could replace Kathleen Kennedy, the president of Star Wars film studio Lucasfilm, Chapeck said he looked forward to her running the division “for many years to come.” Some fans dislike the storyline of the recent “Star Wars” movie and are vying for a new leader.
Chapek said the company also aims to resume dividend payments that were suspended during the pandemic, and that such payments are at some point in the future.
Chapek and the nine people were re-elected to the company’s board of directors. According to the meeting, this is the preliminary number of votes announced online. These include executive chairman Bob Iger (Bob Iger), who previously stated that he will retire from Disney at the end of 2021.
In an advisory vote, 68% of the votes supported the salary of Disney executives.
The company’s stock hit an all-time high of US$203 (approximately Rs 14,800) on Monday, and fell 2.9% on Tuesday afternoon to close at US$196.04 (approximately Rs 14,300).
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