On May 26, 2023, Walt Disney Co Removed Certain Produced Content From Its DTC Services; Is Continuing Its Review And Currently Anticipates Additional Produced Content Will Be Removed From Its DTC And Other Platforms
Portfolio Pulse from Happy Mohamed
Walt Disney Co has removed certain produced content from its Direct-to-Consumer (DTC) services on May 26, 2023, and is continuing its review. The company anticipates additional content will be removed from its DTC and other platforms.
June 02, 2023 | 8:22 pm
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Disney has removed content from its DTC services and expects to remove more from DTC and other platforms, potentially affecting user engagement and revenues.
Disney's decision to remove content from its DTC services and other platforms may lead to reduced user engagement and potentially lower revenues. As the company continues its review, the extent of the impact will depend on the amount and popularity of the content removed. This news is directly related to Disney and may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100