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| 1 | | Disney will record a $1.5 billion "impairment charge" next quarter after removing dozens of shows and films from Disney+ and Hulu. In an SEC filing, the company indicated that it plans to remove even more content from its streaming platforms throughout the third fiscal quarter. More: - Disney is apparently looking to remove enough content to incur an additional $400 million in impairment charges.
- An "impairment charge" is an accounting term that refers to an asset that has suddenly lost value due to unforeseen circumstances; in its filing, Disney claims it is adjusting "the carrying value of these content assets to fair value."
- Removed titles include "Willow," "The Mysterious Benedict Society," "Y: The Last Man," "Earth to Ned," "Dollface," and the film "The One and Only Ivan."
- On an earnings call, CEO Bob Iger told investors that the company plans to raise the price of an ad-free Disney+ subscription later this year, and continued promoting plans to merge Disney+ and Hulu into a single app.
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| 2 | | The Directors Guild of America (DGA) reached a deal with the Alliance of Motion Picture and Television Producers (AMPTP) on a new three-year film and TV contract. In 2008, the DGA negotiated a deal that helped to resolve an ongoing Writers Guild of America (WGA) strike; the same situation seems unlikely to repeat itself this time. More: - The new DGA deal includes wage increases, a new structure for residuals earned on foreign networks and streaming services, and restrictions on the use of AI.
- The deal does not impact residuals earned on streaming platforms, as many suspected it might; directors will still earn flat rates for streaming programs, regardless of viewership.
- DGA negotiating committee chair Jon Avnet called it "a truly historic deal" providing "significant improvements for every director, assistant director, unit production manager, associate director and stage manager in our guild."
- The DGA had not requested a strike authorization vote from members; the guild has never gone on an extended strike, and has only ever staged a single walkout in 1987 that lasted around 5 minutes.
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| 3 | | DAILY CALENDAR MONDAY, JUNE 5 THE AGE OF INFLUENCE: Six-part true crime docuseries from ABC News Studios looking back on notable scandals involving popular influencers and social media personalities. Subjects include "Swiffer Girl" Danielle Miller; scammer Anna Delvey; fashion influencer Emily Gellis; reality star Tracii Hutsona; bodybuilder Tyler Bauman; alleged child-abusing "mom-fluencer" Machelle Hobson and others. [Hulu] LIVING: 2022 British drama feature, adapted from the Leo Tolstoy novella "The Death of Ivan Ilyich" and Akira Kursoawa's 1952 film version "Ikiru." Bill Nighy stars as a bureaucrat in 1950s London who reconsiders his life after receiving a terminal cancer diagnosis. The film was Oscar-nominated for Kazuo Ishiguro's screenplay and Nighy's performance. [Netflix] BARRACUDA QUEENS: Crime thriller series from Sweden, inspired by actual events, about a group of wealthy, disaffected teenage girls in '90s Stockholm who begin burglarizing their neighbors' homes to fund their glamorous lifestyles. Alva Bratt, Sarah Gustafsson, Tinda Monsen, Tea Stjärne, and Izabella Scorupco co-star. [Netflix] LOUISIANA LAW: Reality series from Animal Planet following the men and women of the Louisiana Department of Wildlife and Fisheries as they protect the state's geographically and biologically diverse natural habitats. Season 3 debuted earlier this summer on cable and hits Max today. [Max] LOST: THOSE WHO KILL: The Danish crime drama series "Those Who Kill" centers on the investigations of criminal profiler Louise Bergstein (Natalie Madueño). Season 3, titled "Lost: Those Who Kill," finds Bergstein looking into the brutal murder of a middle-aged couple. [Acorn TV] | | | |
| 4 | | According to Forbes, Netflix has spent around $319 million on "The Witcher" franchise to date, including two seasons and a limited prequel series. "The Witcher" is based on books and stories by Polish author Andrzej Sapkowski, which have been adapted into a series of video games by developer CD Projekt Red. More: - "The Witcher" returns for a third season -- the last to star Henry Cavill as hero Geralt of Rivia -- later this month; Liam Hemsworth will take over the lead role for Season 4.
- The first season of "The Witcher" ranks as Netflix's 9th most-popular English-language series to date; it was viewed for 541 million hours in its first 28 days.
- Forbes gained access to "The Witcher" production budgets because the bulk of the show is filmed in the UK, which requires a high level of financial transparency from Hollywood productions.
- Netflix has teamed with Athletic Brewing Company on a nonalcoholic beer inspired by "The Witcher," called Geralt's Gold.
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| 5 | | On Friday, YouTube announced plans to stop deleting videos that make false claims about fraud in the 2020 US presidential election. The policy was put it place shortly after the 2020 election; to date, the company has deleted tens of thousands of videos making unsubstantiated or inaccurate claims about election fraud. More: - The new policy went into effect on June 2.
- In a statement, the Google-owned platform said that, while the policy had managed to "curb some misinformation," it also had the "unintended effect of curtailing political speech."
- The company neither indicated what triggered the policy change or how it plans to combat misinformation ahead of the 2024 US presidential election.
- YouTube will continue to remove videos with some forms of election misinformation, such as clips with inaccurate instructions for where and how to vote.
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| 6 | | CNN chief Chris Licht apologized to employees during a regular Monday staff call over a recent, negative profile in The Atlantic. The Atlantic piece detailed some of Licht's struggles to shift the news network's voice and coverage under new Warner Bros. Discovery CEO David Zaslav, and the protests to some of his changes from staff members. More: - Licht apparently told staffers on Monday: "To those whose trust I've lost, I will fight like hell to win it back, because you deserve a leader who will be in the trenches, fighting to ensure CNN remains the world's most trusted name in news."
- He also informed CNN staff that he plans to move from his executive suite to a new office, right next to the network's New York newsgathering team.
- Licht has attempted to move CNN more toward straight news with fewer emotional pleas and opinion segments from anchors; over the course of his tenure, the network's ratings have slumped considerably.
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| 7 | | Viaplay Group CEO Anders Jensen announced his immediate departure from the company after five years. He'll be replaced by Jorgen Madsen Lindemann, the former CEO of Viaplay's parent company, MTG. More: - Jensen's exit comes on the heels of Viaplay's disappointing Q2 earnings, which saw ad revenues drop between 12-16%.
- The company cited slumping Scandinavian TV and radio advertising rates, and lower demand for for content in both the Nordic and international streaming marketplace.
- Viaplay has recently rolled out its streaming service in both the US and the UK, and has been ramping up production of original content.
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| 8 | | Disney is developing a third film in the "Hocus Pocus" series following the success of "Hocus Pocus 2" on Disney+. According to Nielsen, the long-awaited Halloween comedy sequel was viewed for 2.7 billion minutes in its first week in October 2022, a record for any original streaming film. More: - The "Hocus Pocus" films are set in the town of Salem, and co-star Bette Midler, Kathy Najimy, and Sarah Jessica Parker as the villainous, child-hunting witches, the Sanderson Sisters.
- The first film was released in 1993 and directed by future "High School Musical" mastermind Kenny Ortega; while not a box office hit, it developed a cult following on cable and home video.
- Midler first mused about returning for a third film while promoting the sequel, saying "I'd love to have a franchise - especially a character I love playing."
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- Showtime shelved plans for a documentary about comedian Louis CK's comeback following multiple accusations of sexual misconduct in 2017; the network didn't announce any specific reasons for the cancellation.
- WWE announced a new partnership with Twitch, including a new "side cast" centering on the "Raw" franchise, debuting on Monday, June 5.
- Netflix released a trailer for "Glamorous," a workplace drama series starring YouTuber Miss Benny as a gender non-conforming beauty influencer who lands a crucial new job working for an elite cosmetics mogul (Kim Cattrall); all 10 episodes arrive on June 22.
- Former Netflix audio chief N'Jeri Eaton joined Wondery as the company's new head of co-productions for limited series.
- Pluto TV announced its third "Popcorn Summer Movies" promotion, which will add over 200 new film titles to the free ad-supported streamer's library; this includes the "Indiana Jones," "Teenage Mutant Ninja Turtles" and "Mission Impossible" franchises, along with "Tropic Thunder," "Ferris Bueller's Day Off," "Titanic" and other favorites.
- Netflix dropped a trailer for the spinoff horror film "Bird Box Barcelona," which is set in the same world as the 2018 Sandra Bullock film "Bird Box" but is not a direct sequel, according to producer Dylan Clark; the new film arrives on July 14.
- The cast and creators of "Cheers" reminisced about the classic sitcom in a conversation with "Today," on the 30th anniversary of its series finale.
- Contestant Heidi N Closet exited Season 8 of "RuPaul's Drag Race All Stars" early following a clash with several other queens.
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 | Writer | | Lon Harris is the writer and editor of Inside Streaming and was the very first person to ever write an Inside newsletter. He lives in Los Angeles, California, and also writes about TV and film for Fandom, Screen Junkies, Rotten Tomatoes, Gamma Ray and others. Plus he has a Game of Thrones podcast called "Casterly Talk" and competes on The Movie Trivia Schmoedown as "The Professor." | | This newsletter was edited by Eduardo Garcia | |
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