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Disney to incur $1.5-bn impairment charge for removing content
short by Nidhi Sinha / on Sunday, 4 June, 2023
The Walt Disney Company will record a $1.5-billion impairment charge in its fiscal third quarter financial statements for removing certain produced content from its direct-to-consumer (DTC) services. Last month, it removed several movies and shows, including 'Willow' and 'Dollface', from Disney+ and Hulu. The company estimates it may incur further impairment charges of approximately $0.4 billion.
read more at Reuters