Disney has announced its intention to remove certain content from its direct-to-consumer streaming platforms. The announcement was made during Disney’s recent earnings call by the company’s chief financial officer, Christine McCarthy.
According to Variety, McCarthy explained that Disney is “in the process of reviewing the content on our DTC services to align with the strategic changes in our approach to content curation,” and that this review will result in the removal of “certain content from the company’s streaming platforms.” She went on to reveal that Disney expects to incur a writedown in the third quarter of between $1.5 billion and $1.8 billion as a result of this move.
The CFO also noted that going forward, Disney intends to produce “lower volumes of content in alignment with this strategic shift.” This means that while the company will still be creating content, it will be producing less of it to focus on a smaller number of high-quality offerings.
Disney has not yet disclosed which specific content will be removed from its streaming platforms, but the move is likely to be part of the company’s broader efforts to streamline its operations and optimize its content offerings. The company has been working to integrate its various business units and offerings into a cohesive, unified whole, and the move to remove certain content from its DTC services is likely part of this effort.
The news of Disney’s content removal comes at a time when the company is facing increased competition from Netflix and Amazon Prime Video. By focusing on higher quality, more carefully curated content, Disney may be looking to differentiate itself from its rivals and attract a more discerning audience.
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