Disney Removing Some Streaming Content; Reducing Future Content

There had been rumblings that the company would begin removing streaming content . And over the past few months, The Walt Disney Company CEOand others discussed revisiting both how much the company is spending on content and how content is scheduled. Well, all three of those issues were addressed by Iger & his team during a Disney earnings call earlier today. First up, it was confirmed that some content will be removed from streaming services, eyeing a content impairment charge of $1.

The charge, which will not be recorded in our segment results, will primarily be recognized in the third quarter as we complete our review and remove the content."Of course, the obvious question? What content? While no additional information on that subject was provided, based on that"third quarter" comment from McCarthy, it would seem that this would be a process that would happen over several months. What that would mean for the content is anyone's guess.

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