Many eyes have been on Disney since it made the controversial decision to remove streaming content from Disney+ and Hulu. As a result of the move, dozens of original titles have been taken off the services, including Willow, Cheaper by the Dozen and The Mysterious Benedict Society. All the while, many creators have been weighing in on the matter with honest thoughts. It's reasonable to say that this doesn't exactly fair well for the TV streaming model. However, the company itself seems to be benefitting from its choice, as it's apparently saving an incredible amount of money but cutting content.
The House of Mouse was able to write-off $1.5 billion dollars this quarter after removing titles off of their streamers, according to Variety. That sum apparently falls in line with the projections the corporation listed during its earnings call in May. In addition, the company is evaluating more content that could potentially be removed from its streaming platforms. Per the trade, should that happen, the entertainment conglomerate could see a $400 million impairment charge. As noted, The Walt Disney Company can ultimately reduce its tax bill by writing down the value of its assets.
