Disney is likely preparing to remove more content from Disney+ as part of the company's cost-cutting measures.
Last month, Disney removed a handful of shows from Disney+ and Hulu, including Willow, The Mysterious Benedict Society, The World According To Jeff Goldblum, and a lot more. Now, in a new SEC filing from May 26, The Walt Disney Company said it is continuing to review content because of its new "strategic change" and "as a result is removing certain content from its platforms."
Disney already recorded a $1.5 billion impairment charge for the content it removed last month, and is now saying it could add up to $400 million more throughout the rest of this quarter, which ends this month. The reduced figure means the next wave of content removal likely won't be as large as the list of shows that left last month.
We don't have any idea what kind of content is on the chopping block, but Disney's statement did mention both produced content and licensed content, meaning content created by Disney itself and series or movies from other companies could all be impacted.
News of Disney's "strategic realignment" first came in March, when CEO Bob Iger announced plans to lay off 7,000 employees in an effort to cut back $5.5 billion in costs. This came after Disney+ saw its first quarterly subscriber loss at the end of 2022.
In last month's Disney earnings call, Iger talked about AI opportunities at Disney, and revealed that Disney+ and Hulu will be available in a one-app experience by the end of the year.
Logan Plant is a freelance writer for IGN covering video game and entertainment news. He has over seven years of experience in the gaming industry with bylines at IGN, Nintendo Wire, Switch Player Magazine, and Lifewire. Find him on Twitter @LoganJPlant.
"lose" - Google News
June 03, 2023 at 05:36AM
https://ift.tt/hCy6e9V
Disney Plus Is Probably Going to Lose Even More Content - IGN
"lose" - Google News
https://ift.tt/E8QgZvT https://ift.tt/M2uwYd6
Bagikan Berita Ini
0 Response to "Disney Plus Is Probably Going to Lose Even More Content - IGN"
Post a Comment