Disney Takes $1.5 Billion Hit for Removing Content from Streaming Services
TL;DR Summary
Disney will incur a $1.5 billion impairment charge in its fiscal Q3 due to the removal of produced content from its streaming platforms, with additional impairment charges estimated at around $400 million. The company continues to review content on its platforms and anticipates further content removals during the remainder of its third fiscal quarter. Writing down the value of the content assets allows Disney to remove them from its balance sheet, reducing its tax bill.
- Disney to Incur $1.5 Billion Impairment Charge for Removal of Disney Plus Content The DIS
- Disney to Take $1.5 Billion Content Write-Off Charge After Removing Titles from Streaming Platforms Yahoo Entertainment
- Disney Plus Is Probably Going to Lose Even More Content IGN
- Disney to Take $1.5 Billion Content Write-Off Charge in June Quarter After Pulling Dozens of Titles From Streaming Services Variety
- Disney removes some produced content from its direct-to-consumer services Yahoo Finance
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