Here's the Main Reason Disney+ Added 16 Million Subscribers in Q4

The Walt Disney Company (NYSE: DIS) just completed a volatile fiscal year in 2020. Several of its profitable businesses were forced by local governments to shut their doors to customers and are only slowly reopening. Through it all, its streaming services thrived. 

Overall, Disney has over 120 million subscribers to its three streaming services, Disney+, Hulu, and ESPN+. Chief among them is Disney+ -- launched on Nov. 12, 2019, it went from zero to over 73 million subscribers in 12 months. 

Image source: Disney.

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Source Fool.com