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Will Disney+ become the happiest destination on our screens?

  • Netflix shares have been on a bull run since the release of Squid Game in September.
  • Disney+ achieved the 100 million paid subscriber milestone just 16-months after launching.
  • The Walt Disney Co. is increasing its content spend to US$33bn in FY22.

Disney+ is on the verge of overtaking Netflix as the world’s most valuable video streaming company, with its market capitalisation closing in on the original streaming juggernaut.

Disney+ took just 16-months to reach 100 million subscribers – a milestone that took Netflix 10 years to accomplish.

Disney+ recently turned two, and has experienced paid subscriber growth of 60% year-over-year to a total of 118.1 million subscribers in Q4 of FY21.

For the same period, Netflix added 4.4 million subscribers to reach a total of 214 million paid subscribers – 24-years after the company launched.

Netflix received a valuable boost on September 17 from the soaring global popularity of its hit series, ‘Squid Game’.

Netflix may be the leader for now, but possibly not to infinity and beyond, with The Walt Disney Co. ramping up its content spend to US$33 billion for FY22.

It is also important to point out that Disney’s share price also encompasses the theme parks, and other operations of the brand.

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