Disney Continues to Remove Content from Streaming Services, Taking $1.5 Billion Write-Off Charge.

Disney is expected to remove more produced content from its Disney+ and Hulu platforms, resulting in a $400 million impairment charge related to scripted television and film. The move is part of the company's efforts to reduce costs and rationalize the volume of content it produces. Disney CEO Bob Iger also expects to raise the price of Disney+ to better reflect the value of its content offerings. Other streaming services may follow suit as they seek sustainable profit in the face of slowing growth.