Since debuting in November 2019, Disney+ has accumulated 54.5 million subscribers.
) and Jason Scott Lee , the film is based on a Chinese legend and is a remake of Disney’s 1998 animated movie of the same name.
CEO Bob Chapek, a nearly three-decade veteran of the company and chief executive since April 2020, said that he thought Walt Disney Studios’ upcoming slate faced both a “stair-step situation” as well as “a lot of pent-up demand” due to the Covid-19 coronavirus pandemic. He told CNBC that the company was preparing to recommence theatrical distribution and reopen Disney Parks and Resorts locations “as long as we can do so in a safe, relatively safe, responsible way”.
Theatrical releases remain a foundational element for Disney, Chapek continued, emphasising that they are a “viable and important way to premiere films”.debuting directly on streaming service Disney+ — and March’sarriving on the subscription VOD platform just two weeks after its release in cinemas — Chapek remarked that the company was flexible and willing to look at its schedule on a film-by-film basis.
Since debuting in November 2019, Disney+ has accumulated 54.5 million subscribers, approaching half that of Netflix’s 128m membership base.
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