Disney+ and Hulu to Remove More Content, Saving Millions
Disney plans to write off an additional $400 million in content, which means more content removals are on the way from Disney+, Hulu, and Star+. The company anticipates further withdrawals of programming from direct-to-consumer and other platforms, mainly throughout the remainder of its fiscal third quarter. This is projected to lead to an additional $400 million in impairment charges, according to Disney’s estimates.