Part 2/10:
For over a year, Disney has tried to paint a rosy picture regarding Disney+. However, behind the scenes, the reality is far less optimistic. The platform has been hemorrhaging subscribers, losing about 6.5 million in just the last six months alone. This decline has led Disney to make difficult calls, including the removal of numerous shows and movies from its library. This move is part strategic, part financial – the company is engaging in impairment charges, essentially writing off assets that no longer generate profit or hold value.