1 year ago
Disney Plus Takes Down $53 Million Original Movie 'Crater' Just 48 Days After Its Premiere
Looking to further trim EBITDA losses on video streaming in its current fiscal third quarter, Disney said in an SEC filing a month ago that it expects to write down as much as $400 million as it removes more original movies and TV shows from Disney Plus and Hulu. And making one of its more conspicuous trims to date, the conglomerate just took down a teen-targeted original movie from Disney Plus that cost a reported $53.4 million to produce and was only on the platform for 48 days.
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