Disney Officially Discloses $1.5B In Write-Downs For Yanked Streaming Content, As It Signaled It Would On Its May Earnings Call

Elon Musk challenged Mark Zuckerberg to a cage match duel — and the Facebook founder seems to be up for the match.

With “Special Ops: Lioness” arriving on Paramount+ next month, that marks six shows created by Taylor Sheridan on TV right now. And there’s more where than came from.

Maya Hawke has two very famous parents — Uma Thurman and Ethan Hawke — but that didn't keep her from getting into trouble.While on Tuesday's episode of the 24-year-old actress recalled the worst trouble she's ever been in.«I lied. I said I was going to therapy and I really went to lose my virginity,» Maya shared with the shocked host and fellow guest Bryan Cranston. «I can't believe I just said that.

Jennifer Maas TV Business Writer Disney’s chief diversity officer and senior vice president Latondra Newton is exiting her role after more than six years, according to an internal memo obtained by Variety. An individual with knowledge of the situation says that Newton will be joining the corporate board of another company soon, and plans to devote more time to her self-owned creative company. In her role as head of DEI operations at Disney, Newton was charged with overseeing the company’s “commitment to produce entertainment that reflects a global audience and sustains a welcoming and inclusive workplace for everyone.”

Damson Idris is opening up.

Earnings calls, those ritualized quarterly opportunities for public companies to convey the state of their financial affairs to Wall Street analysts and investors at large, are two-handed affairs for the Walt Disney Co.

The Wall Street Journal reported Friday.While McCarthy’s husband has been in a healthcare facility since early this year, a person familiar with her situation told the Journal there have been no dramatic changes recently that would drive her to step down. But there were signs of strife coming from the CFO’s office before the House of Mouse announced Thursday that she’d be leaving that were perhaps buried in the glowing comments that accompanied the announcement of her depature.“Christine McCarthy is one of the most admired financial executives in America, and her impact on The Walt Disney Company during 23 years of dedicated service cannot be overstated,” CEO Bob Iger said in a statement Thursday.Yet the Journal reported that McCarthy has butted heads with Iger since he returned as CEO in November and other top execs over the media and entertainment giant’s restructuring strategy.

Tom Hanks and Rita Wilson are gearing up for their latest team-up.The couple stepped out at the New York City premiere at the Alice Tully Hull at Lincoln Center on Tuesday night to promote Wes Anderson's newest film featuring an A-list ensemble. Hanks plays Stanley Zak, father to Jason Schwartzman's war photographer Augie Steenbeck, while Wilson is also featured in the film.The star-studded cast also features Scarlett Johansson, Margot Robbie, Tilda Swinton, Bryan Cranston, Edward Norton, Adrien Brody, Steve Carell, Hong Chau, Liev Schreiber, Jeff Goldblum, Rupert Friend, Hope Davis, Matt Dillon, Maya Hawke, Willem Dafoe, Jake Ryan and many more. It received a six-minute standing ovation at its premiere at the Cannes Film Festival last month.«I'm going to say we throw ourselves into the loving hands and the delightful care of Mr.

Christine McCarthy, a significant figure in Disney’s senior management team in recent years, is stepping down and taking a medical leave of absence from the company.

Cynthia Littleton Business Editor In another shocker for the Walt Disney Co., Christine McCarthy is stepping down from her role as executive VP and chief financial officer and will take a family medical leave, Disney said Thursday. Kevin Lansberry has been named interim CFO for the media giant as of July 1. “Christine McCarthy is one of the most admired financial executives in America, and her impact on The Walt Disney Company during 23 years of dedicated service cannot be overstated,” Disney CEO Bob Iger said. “Christine has served as a key strategic anchor during a period of great transformation, and she and I have discussed her desire to ensure an orderly and successful CFO succession in advance of the company’s transition to its next chief executive officer. She is stepping down from her CFO role as she takes family medical leave, but has graciously offered to move into an advisory position to assist her successor in assuming the duties she has so expertly handled these many years.”

“I like when I’m working on something that I don’t understand,” says 7x Oscar nominated filmmaker Wes Anderson on how he cracked his new off-kilter comedic period opus, Asteroid City, which hits theaters in New York and LA this Friday. The Focus Features release goes wide on Friday, June 23.

Scarlett Johansson and Maya Hawke stun in black and white at the premiere of their new movie, Asteroid City!

Three seasons into Central Park, songwriters Kate Anderson and Elyssa Samsel are thrilled with how much room they’ve been given to explore new genres. Told through the eyes of a busker narrator named Birdie (Josh Gad), the musical series follows Owen Tillerman (Leslie Odom Jr.), the manager of the park, who lives in the park with his journalist wife Paige (Kathryn Hahn) and two children Cole (Tituss Burgess) and Molly (Emmy Raver-Lampman). As they deal with issues across the park, elderly heiress Bitsy (Stanley Tucci) is plotting to turn the park into condominiums. Anderson and Samsel chose the song “Backing Up” for Emmy consideration, performed by Owen (Odom Jr.) as he deals with the possible loss of his family’s memories from a hard drive. As the pair played the song for the show runners, they found it “hit a nerve in a good way.”

Shawn Mendes has released his new song “What The Hell Are We Dying For?” and you can listen to it here, plus read the lyrics.

California Governor Gavin Newsom will sit down for an interview with Fox News’ Sean Hannity, on the heels of Newsom’s proposal for a 28th Amendment to the Constitution to address gun safety.

In partnership with Universal Pictures UKThe fourth instalment of NME Screens will show Wes Anderson’s critically acclaimed Asteroid City ahead of the film’s UK release. Find out how to get tickets below.NME Screens – which creates exclusive film and TV experiences for NME‘s millions of readers – launched in March, kicking off with a celebration of noughties NYC indie documentary Meet Me In The Bathroom.

Former Warner Bros. President of Sales and Distribution, D. Barry Reardon, passed at the age of 92 on May 27 in Vero Beach, Florida.

Todd Spangler NY Digital Editor Disney, after removing dozens of shows and movies from Disney+ and Hulu last week, said it will incur a $1.5 billion impairment charge for the June quarter. In an SEC filing Friday, the company said that on May 26, 2023, it removed “certain produced content” from its direct-to-consumer streaming services. As a result, Disney will record a $1.5 billion impairment charge in its fiscal third quarter financial statements “to adjust the carrying value of these content assets to fair value.” Disney said it’s continuing to review content on streaming platforms and “currently anticipates additional produced content will be removed from its DTC and other platforms, largely during the remainder of its third fiscal quarter.” As a result, Disney currently estimates it may incur further impairment charges of up to about $400 million related to produced content.

AMC Theatres, which launched an on-demand streaming service just ahead of the Covid pandemic in October 2019, is winding down the service and referring users to Fandango’s platform Vudu.

Brand new character posters for Asteroid City were just released!