Walt Disney Co.’s flagship streaming platform topped 100 million customers simply 16 months after its launch, shortly establishing the service as Netflix Inc.’s most-formidable competitor.

The corporate introduced that it reached the milestone on Tuesday, simply forward of its annual assembly. The service, referred to as Disney+, debuted within the U.S. in November and rolled out to Canada, Australia, Latin America and Singapore within the following months.

The fast ascent of the service underscores the facility of the Disney identify, together with leisure franchises that embody Marvel, Star Wars and Pixar. Netflix, the pioneer in subscription streaming, completed 2020 with nearly 204 million subscribers globally.