This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available. Disney is the new TVA! Walking the talk from its last week’s investors call the house of mouse is purging some major titles from its streaming platforms, Deadline has reported.
Disney is the latest to purge content from its platforms as the move comes with a content impairment charge of $1.5 billion to $1.8 billion, was announced during the recent earnings call. Given most of these titles have no physical release once taken down the content will be lost forever. The efforts to cut costs have been the main point of contention since Bob Iger returned to CEO’s chair.
COLLIDER VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT RELATED: What the Disney+ Subscriber Loss Means for Streamers The programs are scheduled to leave the streamer on May 26, so get those final binges in while you can.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comcast Will 'More Likely Than Not' Sell Hulu Shares to DisneyICYMI: Following up on Disney CEO BobIger's comments from earlier this month, Comcast CEO BrianRoberts offered an update on the Hulu situation and where things stand with Disney buying Comcast's shares in the streaming service. / DisneyPlus
Source: bleedingcool - 🏆 20. / 69 Read more »
Florida Sen. Rick Scott wades into DeSantis battle with Disney: 'Disappointed that Disney weighed in'.SenRickScott said he was disappointed Disney weighed in on Florida's Parental Rights in Education Act and sparked a monthslong battle between the entertainment mogul and GovRonDeSantis. Scott said the company should have taken a different approach.
Source: dcexaminer - 🏆 6. / 94 Read more »
Big Paydays for Media’s Big Chiefs: CEO Compensation Stays High Even in Hard TimesEconomists are fretting about a recession. Media stocks are in the toilet. Layoffs are being enacted monthly as a spirit of cut, cut, cut grips Hollywood and Silicon Valley. Oh, and screenwriters a…
Source: Variety - 🏆 108. / 63 Read more »
San Jose Police Arrest Student Armed With Gun at Willow Glen High SchoolSan Jose police on Wednesday arrested a student armed with a gun and knife on the campus of Willow Glen High School, according to SJPD.
Source: nbcbayarea - 🏆 596. / 51 Read more »
San Jose Willow Glen High School student arrested with ghost gun on campusSan Jose police arrested a student they claim brought a loaded ghost gun on campus at Willow Glen High School Wednesday.
Source: KPIXtv - 🏆 443. / 53 Read more »
Student arrested after bringing loaded ghost gun to Willow Glen High School, SJ police sayA report of a student with a firearm was made shortly before noon, and two school resource officers arrested the student after a brief foot chase, according to San Jose police.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »