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.
Top Titles from Spain at Cannes 2023
19.05.2023 - 06:23 / variety.com
Sales: Luxbox Living in an idyllic Andalusia, a couple in love grapples with the realities of making a living through OnlyFans. Screened at Seville and Tallinn. Sales: Begin Again Films. One of the big Spanish action-thrillers hitting this Cannes market, from a specialist (“Sky High”). Pre-sold to France (Kinovista), Germany and Italy (Koch Media) with Tripictures releasing in Spain. Sales: Latido
The multi-prized Coixet (“The Secret Life of Words”). directs Goya winner Laia Costa (“Lullaby”) in a village-set study of an isolated woman’s succumbing to devouring passion. Sales: Film Constellation. A WWII resistance drama, inspired by the true life of Spain’s Neus Català, head of an anti-Nazi unit at a Czech weapons factory. Sales: Filmax From La Unión de los Ríos, behind “Argentina, 1985.” the awaited directorial debut of Fonzi, star of Santiago Mitre’s Cannes winner “Paulina,” a double mother-son coming of age dramedy. Sales: Film Factory Entertainment Facing the end of the world, Mila, 11, tries to stage a family together party. “Born from a desire to imagine the unimaginable,” its directors say. Sales: Begin Again Films. Back by Telecinco Cinema (“The Impossible”), and Alemany’s follow-up to “The Innocence,” a comedy hit in which two middle-class machos discover they share the same wife. Sales: Filmax After 2018’s “Champions,” which grossed $23. 1 million in Spain and became an international formats hit, yielding a U.S. remake with Woody Harrelson, the follow-up reprising the same characters five years later.Sales: Latido A postmodern black comedy from Collantes turning on an Uber driver entering an ad agency world where, says Collantes, “political correctness becomes a commodified currency.” Presented by Paola
Disney to Take $1.5 Billion Content Write-Off Charge After Removing Titles from Streaming Platforms
unceremoniously removed dozens of titles from Disney+ and Hulu at the end of May, the company on Friday recorded via an SEC filing 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.” And that might not be the end of it – according to the same filing the company could incur charges up to $400 million “related to produced content.”To explain: On May 26, Disney removed dozens of titles from direct-to-consumer streaming platforms Disney+ (including movies like “Stargirl” and “Wolfgang” and original series like “Willow” and “The Mighty Ducks: Game Changers”) and Hulu (shows like “The Hot Zone” and “Y: The Last Man,” movies like “Darby and the Dead” and “The Princess”). It was a baffling movie given how closely connected many of the series nad movies were to already established Disney IP, making them an odd fit to shop to other streamers or linear platforms.
Kate Beckinsale Praises Keanu Reeves for Helping Save Her From a Cannes Wardrobe Malfunction: ‘Absolute Legend’
Zack Sharf Digital News Director Kate Beckinsale is the latest actor to offer up evidence that Keanu Reeves is the nicest actor in Hollywood. The “Underworld” star returned to the Cannes Film Festival this year, where she attended the annual amfAR charity gala among other events, which must’ve had her thinking about her first time at Cannes in 1993 for the premiere of Kenneth Branagh’s Shakespeare adaptation “Much Ado About Nothing.” Following this year’s festival, Beckinsale discovered a photo of herself on the 1993 Cannes red carpet and revealed that her co-star Keanu Reeves jumped in to help prevent what could’ve been a huge wardrobe malfunction on her first Cannes carpet.
Kate Beckinsale Reveals How Keanu Reeves Helped Save Her From Awkward Cannes Wardrobe Malfunction In 1993
Kate Beckinsale is throwing it back to the 1993 Cannes Film Festival.
Eva Longoria, Orlando Bloom, & More Stars Attend 'Elemental' Premiere at Cannes 2023
The stars are stepping out for the premiere of Disney & Pixar’s new movie!
Cannes 2023: French Director Justine Triet’s ‘Anatomy Of A Fall’ Wins Palme d’Or
It’s a wrap for the 2023 edition of the Cannes Film Festival, where French director Justine Triet’s courtroom thriller “Anatomy of a Fall” has won this year’s Palme d’Or for best film.
12 Must-See Films From the Cannes Film Festival
Variety‘s critics pick the most notable dozen. Distributor: Neon One of seven women filmmakers in competition, Justine Triet has taken a familiar genre (the court- room drama) and turned it on its head. A frustrated writer dies of suspicious causes, leaving behind clues that implicate his wife (Sandra Hüller).
‘Four Daughters’ And ‘The Mother Of All Lies’ Share L’Oeil d’Or, Top Documentary Prize At Cannes
Two films by Arab women directors are sharing the L’Oeil d’or (Golden Eye) prize for the best documentary in Cannes. Four Daughters (Les Filles d’Olfa) by Tunisian filmmaker Kaouther Ben Hania and The Mother of All Lies (La Mère de tous les mensonges) by Moroccan filmmaker Asmae El Moudir were announced as the winners at a joint ceremony this morning at the Palais in Cannes.
Cannes 2023 Un Certain Regard Awards: Molly Manning Walker’s Debut ‘How To Have Sex’ Wins Top Prize
The 2023 Cannes Film Festival ends tomorrow, but awards for the fest start today, at least in the Un Certain Regard category. With John C.
Orlando Bloom & Geri Halliwell Attend 'Gran Turismo' Photocall at Cannes 2023
Orlando Bloom is stepping out to promote his new movie at the 2023 Cannes Film Festival!
Louis Tomlinson The Away From Home Festival 2023 Italy: Line-up includes Blossoms, The Cribs and more
Louis Tomlinson has announced details of The Away From Home Festival, with Blossoms, The Cribs, HotWax and more already announced for the concert.
AmfAR Gala Cannes 2023 Livestream: See the Stars on the Red Carpet
Glitz and glamour! Hollywood’s biggest names brought their fierce fashion sense to France at the 2023 amFAR Gala during the 76th annual Cannes Festival.
Scarlett Johansson & Maya Hawke Look Chic at 'Asteroid City' Photocall During Cannes 2023
Scarlett Johansson and Maya Hawke showed off their unique senses of style while attending a photocall for their new movie Asteroid City at the 2023 Cannes Film Festival on Wednesday (May 24) in Cannes, France.
Cannes 2023 standing ovations ranked: Euphoric to embarrassing
for minutes of applause. So entrenched is this French farce that trade publications routinely time the euphoria and judge the response to the new films based on the length of the cheering at the Grand Théâtre Lumière. Cannes’ longest-ever roar? Guillermo del Toro’s “Pan’s Labyrinth,” which premiered there in 2006, at 22 minutes. This year’s fest is in full swing, and so is the ceaseless hand-slapping.Here are Cannes’ standing ovations so far, from triumphant to tepid.The most ecstatic response to a film so far at this year’s festival, which runs until May 27, was for Martin Scorsese’s latest drama. The historical movie from Apple and Paramount brings together two popular Scorsese stalwarts, Leonardo DiCaprio and Robert De Niro, plus last year’s Best Actor Oscar winner Brendan Fraser and Jesse Plemons.
Scarlett Johansson & Colin Jost Join Tom Hanks & Rita Wilson at 'Asteroid City' Premiere at Cannes 2023 - See the Stars in Attendance!
The stars are stepping out for the latest premiere at the 2023 Cannes Film Festival!
Cannes 2023: what movies are at the festival?
Quentin Tarantino’s Pulp Fiction, Bong Joon-ho’s Parasite, and Jane Campion’s The Piano.If you’re looking for the movies making a splash at this year’s festival, you can check out the biggest names and those running for the main prize below.Jeanne du BarryOpening this year’s festival is Jeanne du Barry, written, directed and produced by Maiwenn (Polisse). Its inclusion by the festival has sparked some controversy due to Johnny Depp, who plays King Louis XV in his first feature performance since winning his defamation trial against ex-wife Amber Heard.
This Limited-Time Sling TV Deal Gets You Free Access to a Curated Library of FXM’s Top Films : From ‘Us’ to ‘Jojo Rabbit’
Anna Tingley If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. A new deal from Sling TV is offering up a curated library of FXM current blockbusters and classic films for a whole week at no extra charge. The limited-time offer runs from May 22- May 30, meaning if you sign up for Sling TV at any point during that window, your subscription will also include free access to FXM Freeview. Plus, from May 30 – June 6, the live TV streamer will also offer new subscribers $10 off of their first month to a Sling Base Package, bringing down the monthly price from $40 to $30/month for Sling Blue or Orange, and $55 to $45 for the Sling Orange and Blue Combo for those who may have missed out on the Freeview window.
Julia Fox appears completely topless in jaw-dropping Cannes outfit
Julia Fox has been spotted in yet another statement ensemble as the Uncut Gems actress went practically topless to an event. From barely-there bikini tops to doing a spot of shopping in her underwear, Julia, 33, is known for her show-stopping outfits. But new photos of Kanye West’s former flame blow her previous outrageous looks out of the water as she turned up to last night’s The Art of Elysium "Paradis" 25th anniversary party in Cannes, France, in a plastic-looking top.
Natalie Portman & Julianne Moore Get Support From 'May December' Producer Will Ferrell at Cannes 2023 Premiere
May December co-stars Natalie Portman and Julianne Moore were joined by producer Will Ferrell when they walked the red carpet at the movie’s premiere during the 2023 Cannes Film Festival on Saturday (May 20) at the Palais des Festivals in Cannes, France.
Cate Blanchett Runs From 'New Boy' Photocall to 'Zone of Interest' Premiere at Cannes 2023
Cate Blanchett is keeping busy while attending the 2023 Cannes Film Festival.