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Asharq Al-Awsat
Asharq Al-Awsat
Entertainment
Asharq Al-Awsat

As Streaming TV Competition Rages, Disney+ Shines

Disney Netflix Disney+ United States CFRA
A smartphone with the "Disney" logo is seen on a keyboard in front of the words "Streaming service" in this picture illustration taken March 24, 2020. REUTERS/Dado Ruvic/File Photo

The streaming television race is heating up, with Disney showing Wednesday it is closing the gap with market leader Netflix, whose stride has slowed.

The US entertainment giant blew past expectations for new subscribers to its flagship streaming service Disney+, whose big studio muscle helped it reach 129.8 million subscribers worldwide, some five million more than analysts had predicted.

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