Disney is removing original content from its streaming platforms to cut spending on residual payments to writers and actors. The company is also claiming the purge will result in $1.5 billion in losses — which could amount to a substantial tax break.
They are portraying it as a loss in assets, while the other is a gain in revenue.
It’s still bullshit to portray it as an asset loss because it is not destroyed, but that appears to be what they are saying.