Disney writes off $1.5 billion in content after removing titles from streaming services.

Disney will take a $1.5 billion impairment charge in its June quarter financial statements due to the removal of "certain produced content" from its streaming services. The company expects to remove additional content and may incur further impairment charges of up to $400 million. Last week, Disney removed over 50 titles from Disney+ and Hulu as part of its plan to rationalize content and raise the price of Disney+ without ads later this year. The company also plans to launch an integrated Disney+/Hulu "one-app experience" in the U.S. by the end of 2023.