After months of anticipation, Disney finally launched its own streaming network few weeks earlier. If anyone was concerned about Disney’s power in the entertainment industry, the latest launch should remove those concerns. According to a new report, Disney+, Hulu and ESPN+ are valued at $107 to $108 billion by the company’s investors.
In the latest report, CNBC revealed that Disney’s total value would be roughly $320 billion meaning all of the other businesses including the movie studio and theme parks are valued at $213 billion. Given Netflix is currently valued at $156 billion, the valuation for Disney+ should be satisfying for the investors given the network’s early days.
In case you didn’t know, Disney launched ESPN+ back in 2018 and shortly afterwards, the company took control of Hulu thanks to Disney’s merger with Fox earlier last year. Although both of the streaming services were relatively popular, the total valuation has skyrocketed since the launch of Disney+. As of now, Disney offers premium membership at $12.99 per month. To give perspective on the popularity of the network, it scored 10 million subscribers just 24 hours after its launch.
However, it is still early days and as a result we will have to wait a while to find out how successful the venture becomes movie forward. As you might already know, other networks including HBO, NBC etc. are set to launch their own streaming network this year. As a result, it will be interesting to see how popular streaming services become in the later part of this year. Despite that, the $108 billion figure is likely to go up as time goes on.