Business News

Disney removes some produced content from its direct-to-consumer services

Reuters
Reuters
Traders work at the post where Walt Disney Co. stock is traded on the floor of the NYSE in New York

(Reuters) – Walt Disney Co said on Friday that it has removed certain produced content from its direct-to-consumer (DTC) services and will record a related $1.5 billion impairment charge in its fiscal third-quarter financial statements.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)

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