Disney Takes $1.5B Write Down After Removing Shows Off Disney+ and Hulu

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Disney Takes $1.5B Write Down After Removing Shows Off Disney+ and Hulu
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The entertainment giant pulled more than 30 shows off its streaming services on May 26.

services. During the company’s May earnings call, Disney CFO Christine McCarthy said the company expected to take on upwards of $1.8 billion in impairment charges as a result of removing the content.

Friday’s SEC filing said Disney is “continuing its review” and is expecting to remove additional produced content from its streaming services during the third quarter, with those removals expected to incur an additional $400 million write-down.

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