Comment by jasomill

IANAA, but if the depreciated book value of a movie or show exceeds projected future revenue, shouldn't they be writing down the difference rather than writing off the asset?

Put another way, unless they physically destroy all copies of the movie or show or, for some other reason, are no longer able to distribute, license, or sell it, how can they plausibly argue that the fair market value of streaming rights to a reasonably popular movie or show is zero?