Disney+ Subscribers Increasing At An Exponential Rate: Figures Revealed

New data has revealed that Disney+ continues to add more subscribers every day. After registering a huge interest after its launch, the excitement for the new streaming service was supposed to taper off. However, the company appears to be growing in strength, which will be worrying for Netflix.

The launch of Disney+ was not without problems, but that hasn’t stopped more people joining the streaming service. According to the data compiled by Apptopia, the mobile app from the company that costs $6.99 per month has been downloaded 15.5 million times since launch, New York Post reported.

The numbers are just an indication of just how popular the House of Mouse is in the streaming wars. Apptopia has not captured the subscribers on the Disney+ website, which means that there could be millions of subscribers more.

Disney+ launch was a grand success in terms of the subscribes because it beat initial expectations and got around 10 million people to sign up. Some analysts suggested that this number could drop eventually because many people would have joined the service with the free trial. However, the data shows that the company has already started making money with around $5 million in-app purchases.

“This shows the company is gonna be a legit competitor to the likes of Netflix, despite the skeptics that continue to doubt the House of Mouse,” Wedbush analyst Dan Ives told The Post. Ives also praised Disney CEO Bob Iger for planning the content, bundling, and pricing efficiently.

Netflix on the other hand has 60 million subscribers in the U.S. and 97 million subscribers around the world. With the rising numbers of Disney+ it may be just a matter of time before the House of mouse is able to catch up and become a dominant player in the streaming service market.

While Disney+ has something to celebrate, there are also concerns the company has to be wary about. Thousands of the accounts from the company have been hacked, and they are currently on sale on the Dark Web, ZDnet reported.