Disney Continues to Cut Streaming Content, Saving Millions

Disney has taken a $1.5 billion impairment charge for removing dozens of shows and movies from Disney+ and Hulu, and anticipates further removed content during the rest of the third fiscal quarter of 2023. This tactic of cutting content for tax write-offs is similar to what Warner Bros. Discovery did last year, and it paints a grim future for streaming entertainment. Some of the content being removed isn't available in physical form, leaving it in limbo until companies decide to put it back on the streaming service someday, if at all.