I somehow missed this, but Disney $DIS said 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 report.
Do you think the stock will react to this and buy at a discount?
Thanks for the message, I somehow missed it too.
This was obviously great news for the stock - it was up more than 2% on Friday.
Interesting that it didn't make it to the investors. Or is it simply not that significant? 1.5 billion is not a small amount.