Walt Disney Co May Terminate Certain License Agreements For Right To Use Content On Its Platforms; To Record $1.5B Impairment Charge In Fiscal Q3 Financial Statements To Adjust Carrying Value Of These Content Assets To Fair Value
Portfolio Pulse from Happy Mohamed
Walt Disney Co may terminate certain license agreements for the right to use content on its platforms, resulting in a $1.5B impairment charge in fiscal Q3 financial statements to adjust the carrying value of these content assets to fair value.
June 02, 2023 | 8:23 pm
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Disney may terminate certain license agreements, resulting in a $1.5B impairment charge in fiscal Q3 financial statements.
The termination of certain license agreements may lead to a $1.5B impairment charge in Disney's fiscal Q3 financial statements. This could negatively impact the company's financial performance and potentially affect its stock price in the short term.
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