{"schema_version":"secwatch.filing_event.v1","accession":"0001744489-23-000107","form_type":"8-K","ticker":"DIS","cik":"0001744489","company_name":"Walt Disney Co","filed_at":"2023-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.348471+00:00","generated_at":"2026-06-14T08:25:23.839269+00:00","sec_items":["2.06","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Disney records $1.5B impairment charge from removing content from DTC services","bullets":["Impairment charge of $1.5 billion to adjust carrying value of produced content removed from DTC platforms.","Additional impairment charges of up to $0.4 billion anticipated for further content removals in Q3 fiscal 2023.","No material cash expenditures expected from produced content impairments; licensed content may incur cash payments.","Strategic shift in content curation driving removal; review ongoing for additional platforms.","Potential termination of license agreements could lead to further impairment and contract termination charges."],"urls":{"canonical":"https://secwatch.observer/filing/0001744489-23-000107","json":"https://secwatch.observer/filing/0001744489-23-000107.json","markdown":"https://secwatch.observer/filing/0001744489-23-000107.md","text":"https://secwatch.observer/filing/0001744489-23-000107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1744489/000174448923000107/0001744489-23-000107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1744489/000174448923000107/dis-20230526.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:25:23.839269+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"211d59a4a307eff9d81c5be87df9a799eb94ae68","claim":"Walt Disney Co announced a impairment with charges of a $1.5 billion impairment charge affecting direct-to-consumer services.","evidence_excerpt":"On May 26, 2023, the Company removed certain produced content from its DTC services. As a result, the Company 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.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1744489/000174448923000107/0001744489-23-000107-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"a $1.5 billion impairment charge"},{"label":"Affected area","value":"direct-to-consumer services"}],"fact_type":"restructuring_charge"},{"claim_id":"edc53ed75c5ef1c0ea361bdb616e1bddaa45ca93","claim":"Walt Disney Co announced a impairment with charges of up to approximately $0.4 billion affecting DTC and other platforms.","evidence_excerpt":"The Company is continuing its review 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, the Company currently estimates it may incur further impairment charges of up to approximately $0.4 billion related to produced content.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1744489/000174448923000107/0001744489-23-000107-index.htm","confidence":0.7,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"up to approximately $0.4 billion"},{"label":"Affected area","value":"DTC and other platforms"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}