Bob Iger: Disney+ Streaming Service Nearing 30 Million Subs

Retired Disney CEO Bob Iger March 11 told attendees at the media giant’s annual shareholder meeting in Raleigh, N.C., that the company would successfully withstand challenges from the global spread of the coronavirus (COVID-19).

“We’re all sobered by the concern we feel for everyone affected by this global crisis,” Iger said. “What we’ve demonstrated repeatedly is that we are incredibly resilient.”

The executive chairman, who introduced successor Bob Chapek to shareholders, said Disney’s future remains bright.

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“What we create at the Wall Disney Co. has never been more necessary or more important,” Iger said.

Indeed, his comments come as Disney said Tokyo Disneyland would remain shuttered until April. Shanghai Disney remains closed expect for select retail merchants. Disneyland Paris remains open.

Separately, Iger said the branded subscription streaming service, Disney+, had reached nearly 30 million subscribers in just three months of operation.

“The decision to pivot to a direct-to-c0nsumerstrategy was a critical one and it is our top priority,” Iger said. Disney+ will launch in Europe on March 24.

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