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This may shed some light on their thinking: https://collider.com/disney-plus-hulu-content-purge/ https://collider.com/disney-plus-hulu-content-purge/: > Unfort
by tivert 3y ago
This may shed some light on their thinking: https://collider.com/disney-plus-hulu-content-purge/ https://collider.com/disney-plus-hulu-content-purge/:
> Unfortunately, Disney is preparing to make many movies and TV shows inaccessible. During the meeting, CFO Christine McCarthy says the company “will be removing certain content from our streaming platforms and currently expect to take an impairment charge of approximately $1.5 to $1.8 billion.” An impairment charge is used by a company to get rid of unprofitable products, taking them out of the market for good. It’s a process similar to what Warner Bros. Discovery did with Batgirl and other Max productions, which risk never being available to the public. So, while the strategy might make sense for executives that ignore the artistic value of films and TV shows, the content purge means many productions could be lost forever.
IIRC, Batgirl was a fully completed movie that was figuratively destroyed to take a tax write-off.