Discovery purged content that was already made or about to be released from HBO Max, AMC and Showtime have both done this as well. This is a concerning trend in the industry and Disney aren’t the only one doing it. McCarthy also said “going forward we intend to produce lower volumes of content in alignment with this strategic shift.†Here was the quote from Disney CFO Christine McCarthy.ĭisney is ““in the process of reviewing the content on our DTC services to align with the strategic changes in our approach to content curation†and “will be removing certain content from our streaming platforms.†According to McCarthy, Disney expects a writedown in Q3 of $1.5-$1.8 billion from removing the content. The move, which comes with a content impairment charge of $1.5 billion to $1.8 billion, was announced during the recent Disney earnings call.
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