Disney+ has officially surpassed 100 million subscribers, achieving the impressive feat in less than two years.

The news was announced by Disney CEO Bob Chapek during the annual shareholder’s meeting. “The enormous success of Disney+… has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content,” he said. “In fact, we set a target of 100+ new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. Our direct-to-consumer business is the company’s top priority, and our robust pipeline of content will continue to fuel its growth.”

The entertainment giant shared in April 2020 that Disney+ had hit 50 million subscribers — five months after it launched in the United States in November 2019 — and this number rose to 94.9 million by February 2021. A recent report claimed that the streaming service will surpass Netflix’s total number of subscribers by 2026, with a prediction of 294 million Disney+ subscribers and 286 million Netflix subscribers.

In related news, Disney’s executive chairman and former CEO Bob Iger confirmed that he will be leaving The Walt Disney Company in December 2021.

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