- After Disney unceremoniously removed dozens of titles from Disney+ and Hulu at the end of May, the company on Friday recorded via an SEC filing a “$1.5 billion impairment charge in its fiscal third quarter financial statements to adjust the carrying value of these content assets to fair value.”
- And that might not be the end of it – according to the same filing the company could incur charges up to $400 million “related to produced content.”
- To explain: On May 26, Disney removed dozens of titles from direct-to-consumer streaming platforms Disney+ (including movies like “Stargirl” and “Wolfgang” and original series like “Willow” and “The Mighty Ducks: Game Changers”) and Hulu (shows like “The Hot Zone” and “Y: The Last Man,” movies like “Darby and the Dead” and “The Princess”).
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Disney To Take $1.5 Billion Content Write-Off Charge
