Sina US Stock News reported on November 14, Beijing time,DisneyThe stock price hit a record high on Wednesday. Earlier, the company announced that since its launch on Tuesday, the number of registered users of its new streaming service “Disney+ (Disney+)” has surpassed 10 million, and demand is booming.

The strong performance of “Disney+” caused Disney's stock price to hit a record high of $149.92 in Wednesday's session, an increase of 8%. At the close, Disney shares were trading at $148.67, up 7.28%. streaming giantNetflixShares, on the other hand, fell more than 3%.

Analysts say 10 million is an “jaw-dropping” figure, which is much higher than many Wall Street analysts expected.

Furthermore,Credit SuisseToday, Disney raised its target price from $150 to $163, which is rated as outperforming the market.

Disney previously predicted that by 2024, the number of “Disney+” subscribers worldwide will reach 60 million to 90 million. Wedbush analysts said that at the current pace, Disney is likely to complete its goal two years ahead of schedule.

Netflix currently has more than 60 million subscribers in the US and 158 million subscribers worldwide.

“Disney+” officially launched this Tuesday, but a technical error occurred only a few hours after launch, which prevented some users from using the service, but this did not stop the enthusiasm of users.

The “Disney+” subscription service is $6.99 per month, or $69.99 per year, and includes content from Disney, Pixar, Marvel, Star Wars, and National Geographic. The free trial period is 7 days. Disney has also produced original shows and movies for “Disney+” subscribers, including the “Star Wars” spin-off series “The Mandalorian.”