To save money, streaming services are axing finished shows without bothering to air them and deleting classics. What next? Game of Thrones? Succession? It doesn’t bear thinking about
In May, Disney+ announced a content removal plan designed to cut US$1.5bn worth of content, meaning it substantially reduces the company’s value, giving it a lot less tax to pay.
Can someone who has a stronger grasp of corporate tax law explain this too me? They have the content, have paid for it, yet by not releasing it they get a tax break? That makes zero sense to my simple mind.
Can someone who has a stronger grasp of corporate tax law explain this too me? They have the content, have paid for it, yet by not releasing it they get a tax break? That makes zero sense to my simple mind.