Disney Plans to Remove Content From Disney+ Library

📆 5/12/2023 2:29 PM

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📆 5/12/2023 2:29 PM
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Some content may begin to disappear from Disney+.

the company “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.” This is the same strategy that WBD employed when it shelved its unfinished Disney announce it is also changing its approach to content creation to drive bigger shareholder returns and spend less money. Disney CEO Bob Iger said...

We realized that we made a lot of content that is not necessarily driving sub-growth, and we’re getting much more surgical about what it is we make. So as we look to reduce content spend, we’re looking to reduce it in a way that should not have any impact at all on subs. So many streaming services tried to compete with Netflix by churning out enormous amounts of content over the last few years. This recent wave of news about companies cutting content suggests those days are over.

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