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GTA 6 Is Going To Be Huge. So Why Is Take-Two’s Stock Having Such A Bad Year?

GTA 6 Is Going To Be Huge. So Why Is Take-Two’s Stock Having Such A Bad Year? https://ift.tt/WumgPLN Take-Two owns one of the largest entertainment franchises out there in Grand Theft Auto. The newest entry, GTA 6, launches this November. There is enormous hype for the new game, which is expected to sell millions of copies at launch and break records. In short, it's expected to be a once-in-a-decade (if not ever) kind of title. The game is also coming to market with a lot of positive sentiment and excitement. If you're a Take-Two shareholder, however, the past year has been a big bummer. Take-Two's share price has slid about 15% so far this year and is down about the same over the past year, meaning anyone who invested in the past year has lost money (at least on paper; gains or losses are not realized until positions are sold) in the run-up to GTA 6's release in November.  What's going on here? There are plenty of factors involved in what could be driving Take...
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Disney May Remove More Movies And Shows From Disney Plus Or Hulu Soon

Disney May Remove More Movies And Shows From Disney Plus Or Hulu Soon https://ift.tt/F8ONeqT

Even just a few years ago, many of us naively believed that streaming services would act as constantly-growing libraries of content that we could return to whenever to watch shows at will. Then, last year, Warner Bros. Discovery fired the first big shot in The Great Write-Down. Disney followed suit last month and now says there's more to come, Variety reports.

Following the removal of shows and movies like Willow, Y: The Last Man, Dollface, and the Mysterious Benedict Society, Disney is expected to incur a content impairment charge of $1.5 billion, meaning that the company can remove that much from its tax sheet. That's an impossible number to ignore--that's savings equivalent to a handful of Marvel movies. As a result, Disney is reportedly continuing to review content on both Disney+ and Hulu, and "currently anticipates additional produced content will be removed from its DTC and other platforms, largely during the remainder of its third fiscal quarter." That will likely equate to about $400 million more in impairment charges related to produced content (primarily meaning scripted television and film).

Since the early days of Netflix creating streaming content for its platform, streaming services have been growing and growing their libraries. So many people have joined streaming services, though, that growth is slowing significantly; there just aren't as many new customers as there used to be. It's about retaining existing users and bringing back others that have switched to other services.

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