During today’s quarterly earnings call, Disney said they plan to remove some content from their platforms as it rethinks its costs and strategy.
- During the call, CFO Christine McCarthy announced the plan to eventually remove content from their platforms:
- “We are in the process of reviewing the content on our DTC services to align with the strategic changes in our approach to content curation. As a result, we will be removing certain content from our streaming platforms, and currently expect to take an impairment charge of approximately $1.5 to $1.8 billion. 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.”
- McCarthy did not specify what content would be pulled nor did she specify which Disney-owned streaming platform(s) might see content removed.
- Be sure to check back for more information on what content might be leaving Disney streaming platforms as it becomes available.
- And for a full recap of today’s Q2 earnings call from The Walt Disney Company, you can check out our live blog or watch the video below:
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