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https://www.wsj.com/articles/disney-sees-potential-1-9-billion-charge-from-removing-streaming-content-7999b2d6

Disney Sees Potential $1.9 Billion Charge From Removing Streaming Content

Company said it removed certain produced content from its direct-to-consumer segment on May 26

By Denny Jacob
Global subscribers to Disney+ ended the second quarter down by four million at 157.8 million. Photo: Gabby Jones/Bloomberg News

Walt Disney said it would record a $1.5 billion impairment charge in the current quarter after removing certain content from its direct-to-consumer services, which include Disney+ and Hulu. 

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.