Bob Iger desires a continuous flow of profits to persist.
Disney is Hiking Prices and Cracking Down on Password Sharing
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Disney Removed An Original Movie From Its Platform Only 48 Days After It Debuted
In recent months, and possibly even years, a troubling pattern has emerged in Hollywood. Movies and TV shows are being produced and subsequently removed from platforms, primarily for the purpose of major companies benefiting from write-offs.
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Did Disney Censor ‘The French Connection’ Across All Streaming Networks?
A few years ago in 2019, Disney acquired Fox, thereby gaining ownership of a vast catalog of movies that catered to adult audiences. This presented Disney with a unique challenge as they navigated the content to be featured on their platforms, which typically focused on family-oriented films.
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Disney Takes a $1.5 Billion Content Write-Off After Removing Shows From Their Platform
We have previously discussed how studios and streamers are pulling movies and TV shows, and the question arose of whether we could quantify the financial impact of these actions. Now, public records have surfaced revealing the tax write-offs Disney is claiming as a result of removing content that was the result of hard work by writers and directors.
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