It’s certainly an impressive — albeit perhaps not entirely unexpected — feat: the Disney+ streaming service is a huge hit. Today during The Walt Disney Company 2021 Annual Meeting of Shareholders, it was confirmed by Disney CEO Bob Chapek that Disney+ has surpassed 100 million global paid subscribers in just 16 months since its launch.

“The enormous success of Disney+ —which has now surpassed 100 million subscribers—has inspired us to be even more ambitious, and to significantly increase our investment in the development of high-quality content. In fact, we set a target of 100+ new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. Our direct-to-consumer business is the Company’s top priority, and our robust pipeline of content will continue to fuel its growth.”

Bob Chapek, CEO, The Walt Disney Company

Disney+ launched in the U.S. on November 12, 2019, and has rolled out rapidly across Canada, Australia, New Zealand, Europe, Latin America, and most recently, Singapore.