Wednesday, August 5, 2020

PlayStation Plus and Disney+ both report subscription growth | Music Ally

We like to keep an eye on subscription-based entertainment businesses outside music, and yesterday two big companies’ financial results offered us some new data to consider.

Sony Corporation’s results included the announcement that there are now 44.9 million people paying for the PlayStation Plus service, up from 41.5 million a quarter ago.

PS Plus costs $9.99 a month, $24.99 a quarter or $59.99 a year, and enables people to play PlayStation 4 console games online, as well as getting two free PS4 games a month and various discounts. Sony’s wider PlayStation Network (a decent measure of PS4 owners) has 113 million monthly active users, so that’s a conversion rate of 39.7%.

Over in the video streaming world, meanwhile, Disney revealed the latest subscribers figure for its Disney+ service yesterday.

“As of yesterday, we have surpassed 60.5 million paid subscribers globally, far exceeding our initial projections for the service,” Disney CEO Bob Chapek told analysts.

That’s up from 50 million subscribers in early April, so Disney+ has been adding around 2.6 million net new subscribers a month. Chapek also pointed out that once Disney’s other D2C streaming services Hulu and ESPN+ are added in, the company has more than 100 million paid subscriptions.

Stuart Dredge


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