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Disney CEO Bob Chapek Looks To Head Off Disney+ Angst By Touting 2022 Global Spread, Preschool Push
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deadline.comBear with us.That was basically the message from Disney CEO Bob Chapek as he sought to allay Wall Street anxiety about a sharp decline in growth at streaming service Disney+.
The service added just 2.1 million subscribers during the fiscal fourth quarter, reaching 118.1 million.“We’re real pleased with where we’re sitting, but again, it’s not going to be a linear rate quarter to quarter,” Chapek told analysts during the company’s quarterly earnings call.
A resurgence in growth “is really going to come in the third and fourth quarters” of the next fiscal year.Global expansion will be a major driver in 2022, he said.
The company plans to more than double the number of countries where it streams, from about 60 now to about 160, including key
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