Disney Officially Discloses $1.5B In Writedowns For Yanked Streaming Content, As It Signaled It Would On Its May Earnings Call

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Disney made it official with an SEC filing after the markets closed Friday, saying it would take $1.5 billion in writedowns associated with removing streaming programming from its platforms

The number came in on the low end of a range provided by the company last month when it released its quarterly earnings. Like other media companies, Disney has been looking to trim expenses in the once-fevered streaming arena, and removing programming has been one means of reaching that goal.

Along with pulling individual film and TV titles offline, the company also plans to bring Hulu titles onto Disney+ by the end of the year. Among the dozens of series removed from global streaming circulation on Disney+ areDiary of a Future President

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Nederland Laatste Nieuws, Nederland Headlines