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Media & Entertainment

Small world no longer: Disney+ turns to Asia as growth stagnates

Platform looks to expand beyond die-hard fans and overwhelmed parents

Disney intends to expand its streaming business from a little over 60 markets now to more than 160 by 2023. (Photo by Hiromi Sato)

PALO ALTO, U.S. -- Propelled by a die-hard fan base and demand for stay-at-home entertainment during the coronavirus pandemic, Disney+ has solidified its standing among the world's top streaming services over the two years since its launch.

But despite counting 118 million users worldwide as of the end of September, investors increasingly see the slowdown in new subscribers as cause for concern. Now officially in its third year, the platform is counting on new Asian markets and content as it aims to more than double its number of subscribers by 2024.

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