Disney’s streaming service is booming while its other businesses are on hold

The Disney+ streaming service has more than 50 million global subscribers five months after launching, Disney announced yesterday. It had 29 million subscribers as of early February.“This bodes well for our continued expansion,” Disney’s streaming head, Kevin Mayer, said in a statement.That is an understatement. The total puts Disney well ahead of both its own projections and also analyst forecasts. The company told investors last year it was hoping Disney+ would reach between 60 and 90 million subscribers worldwide by 2024. Meanwhile, most analysts believed the service wouldn’t hit 50 million subscribers until 2022.