On May 18th, 2023, Deadline broke the news about Disney removing dozens of content from Disney Plus and Hulu, set to happen on May 26 this week. The move was announced during a Disney earnings call in the early part of May, and comes with a content impairment charge of $1.5 to $1.8 billion USD. An impairment charge is used by companies to write off assets that have dropped in value, or have lost that value completely.
Source: Disney Plus’ Content Purge Shows the Dangers of An All-Digital Medium