A new Disney lawsuit appears.
This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available. Summary SCREENRANT VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT Disney is being sued by some of their investors, who allege the company lied about its losses pertaining to their streaming service, Disney+.
Now, The Hollywood Reporter and Deadline have revealed Disney is being sued by some of its investors for allegedly hiding Disney+ losses from them. The lawsuit claims Disney is lying about being able to achieve profitability with Disney+ by the end of 2024. In particular, they claim the company's former CEO, Bob Chapek, aired Disney+ originals like The Mysterious Benedict Society on the Disney Channel to make the platform seem more successful than it is.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney sued over ‘fraudulent scheme’ to hide streaming lossesThe suit claims Bob Chapek tried to conceal the “staggering costs” it incurred while attempting to boost its subscriber count and promise profitability by the end of 2024.
Read more »
Investors Sue Disney Over Alleged Chapek Era “Cost-Shifting Scheme” to Hide Streaming LossesThe suit takes aim at former CEO Bob Chapek's lofty subscriber growth and profitability targets for Disney+. The entertainment giant faces a host of litigation dealing with efforts to boost subscriptions for its streaming service.
Read more »
Disney, Bob Iger, Bob Chapek Hit With Another Investors Suit Over “Fraudulent” Streaming CostsDisney has been hit again with another lawsuit from investors over the alleged sleight of hand accounting the company used to hide streaming losses. And once again, some big names, Bobs past and pr…
Read more »
Investors Sue Disney for Allegedly Being Sneaky About Streaming CostsThe company's current CEO Bob Iger and past CEO Bob Chapek are among the names listed in the complaint.
Read more »
‘He was a defenseless child': Rowland Unified School District sued over sexual abuse allegationsThe family of a young boy who say he was sexually abused by a former Rowland Unified School District teacher has filed a lawsuit against the district for neglect.
Read more »
Kim Zolciak Sued By Credit Card Company for More than $150,000More financial woes for Kim Zolciak, a credit card company is going after her for more than $150,000 ... filing a lawsuit the same day Kroy Biermann filed for divorce.
Read more »