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Articles related to "disney"


Disney Whistleblower: Corporate Accounting Fraud or Disgruntled Tale-Teller?

  • By CCN Markets: News broke on Tuesday that a former Walt Disney Company accountant told the SEC that the company had inflated revenue over a number of years.
  • Investors need to evaluate the possibility that the allegations are accurate, whether the SEC will or will not take action, and what effect that might have at Disney with regards to its financials.
  • This would be supported by the fact that the whistleblower is an 18 year veteran in financial analysis at a major corporation.
  • It could take months for SEC staff to go through the mountains of material provided not only by the whistleblower, but anything requested from Disney via subpoena.
  • If the allegations are true, and Disney inflated revenue by billions of dollars each year stretching back to 2008, the stock will be crushed.

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Apple TV+ will launch in November for $9.99, facing off against Disney+ at $6.99

  • According to the Bloomberg report, which cites people familiar with Apple's plans, Apple TV+ will launch with a "small selection of shows," including The Morning Show, Amazing Stories, See, Truth Be Told, and a documentary series about houses called Home.
  • Further ReadingDisney+ launches on November 12 for $6.99/mo, plus new Marvel, Star Wars seriesThe company is also still weighing its options about how to release the content.
  • Another report this week, this time by Financial Times, claimed that Apple is spending $6 billion on original shows and movies this year.
  • Disney+ will offer original series at a weekly cadence, plus some back catalog content from its various brands (including Marvel, Star Wars, ABC, Fox, Pixar, and many more) in the United States, Canada, and the Netherlands starting November 12.

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Disney+ Brandishes Its Weapon: An Infinity Gauntlet of Brands

  • Disney+, as it's known everywhere that can show a plus sign without borking an entire platform, is the company's forthcoming streaming service, which had just announced some new details regarding its November launch.
  • An even apter comparison might be the Infinity Gauntlet, the jeweled glove that propelled the first three phases of the Marvel Cinematic Universe.
  • The first era of the Streaming Wars was about first movers like Netflix and Hulu licensing a big enough library to attract subscribers; the second, developing original series and movies in anticipation of those licenses' owners pulling them back.
  • The streaming service recently announced that it had lost subscribers for the first time in eight years; when the brand of pipe matters as much as what's coming out of it, what does Netflix's pipe mean?
  • Avengers: Endgame directors Anthony and Joseph Russo use the power of Twitter to answer common questions about Avengers: Endgame and the Marvel Cinematic Universe.

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Sony pulls Spider-Man out of the MCU over profit-sharing dispute with Disney

  • Marvel Studios president Kevin Feige has pulled out of producing future Spider-Man movies, due to disputes between Sony — which still holds the rights to the character — and Marvel’s parent company Disney over revenue sharing from films starring the web-slinging hero, according to a report from Deadline.
  • According to Deadline’s sources, the issue is money: Disney reportedly asked that future Spider-Man films be 50 / 50 coproductions between Disney and Sony, instead of the current deal, which is said to give Marvel (and Disney) 5 percent of gross box-office revenue.
  • According to Deadline’s report, Sony apparently feels that the combined creative team of director Jon Watts (who helmed Spider-Man: Homecoming and the sequel, Far From Home), actor Tom Holland, and producer Amy Pascal will be enough to keep the Spider-Man franchise momentum going for future films, even without Feige’s involvement.

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Signing up for all of Apple's subscription services will likely cost you $35 per month

  • The company has seen a notable decline in the number of iPhones sold this year, but the new subscription services could entice millions of existing Apple customers to spend more money with the company for the longterm.
  • Apple Music launched in 2015 and surpassed Spotify as America's most popular music subscription service earlier this year with 28 million paid subscribers.
  • At a reported price point of around $10 per month, Apple TV Plus will likely cost slightly less than its competition, but it won't come with the same massive catalogue of old shows that you can find on Hulu, Netflix, or Prime Video.
  • Earlier this year the company also updated the Apple TV app, allowing users to subscribe to popular paid channels like HBO and Showtime directly through the Apple TV service.
  • Apple's subscription services are specifically designed for customers who have bought into the company's product line, which limits their reach when compared to far-reaching services like Netflix and Spotify.

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The 6 winners and losers at the 2019 summer box office

  • Following the historically huge "Avengers: Endgame," which earned over $2 billion globally and became the highest-grossing movie worldwide ever, the studio went on to have four more titles ("Captain Marvel," "Aladdin," "The Lion King," "Toy Story 4") cross $1 billion at the worldwide box office.
  • Like "Avengers: Infinity War," Disney/Marvel moved up the release date of "Endgame" to the end of April to give it some cushion from the other early summer releases, and it proved to be a huge head start for the landmark Marvel Cinematic Universe title.
  • The movie had a record-breaking $357.1 million domestic opening and then went on to break a whole lot more box-office records.
  • Fox ended its time running the X-Men property (which will now go to Marvel Studios since Disney bought Fox) with a very unmemorable coda.
  • And the studio proved it can make money with a non-sequel/franchise movie with its Quentin Tarantino title.

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The acclaimed writer of X-Men story 'The Dark Phoenix Saga' opens up about Hollywood's 2 attempts at bringing it to life — and what he wants to see next

  • Both iterations came with their share of challenges.
  • The entire comic-book saga unfolded over more than a dozen issues of "Uncanny X-Men" in the late 1970s and 1980, which means it can be challenging to adapt it for a two-hour movie.
  • Deadline reported in June that "Dark Phoenix" was originally planned as two movies, but the studio Fox scrapped those plans, and director Simon Kinberg — who had been a longtime franchise producer and writer — rewrote the script to accommodate.
  • A representative from Disney (which owns Fox now) did not reply to Business Insider's request for comment.
  • Neither representatives for Singer nor Fox/Disney responded to a request for comment.
  • But even though his essential "X-Men" story has been adapted twice already, he'd still like to see it again — just in a different format.

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An Instagram influencer breaks down how much brands pay for sponsored posts, starting at 10,000 followers

  • For influencer Jehava Brown - who has 70,000 followers on her Instagram page, " Onlygirl4boyz," — figuring out what to set as her "ask rates," or rate of pay for a brand sponsorship on Instagram, wasn't easy, she told Business Insider.
  • Brown spoke to Business Insider about the scale she used in determining her rates when negotiating with companies on sponsored posts, and how she's been able to reach her goal of earning a six-figure income through her work online.
  • Brown has changed her ask rate by figuring in factors like being an "Amazon Influencer," how many sponsorship opportunities she currently has, and being a woman of color - all of which make her more valuable to brands, she said.
  • She's worked with brands like Disney, Walmart, and Target on sponsored posts, and said in certain cases, she doesn't charge a company at all.

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A Disney whistleblower is accusing the company of overstating its revenue by billions

  • Sandra Kuba, who worked at Disney for 18 years, made the claims in whistleblower filings with the Securities and Exchange Commission.
  • In the filings, Kuba alleged that employees in Disney's parks-and-resorts division recorded nonexistent revenue from free golf rounds and guest promotions.
  • Kuba told Marketwatch that Disney's revenue could have been overstated by as much as $6 billion — about 20% — in 2009 alone.
  • Disney told government investigators it fired Kuba because "she displayed a pattern of workplace complaints against coworkers without a reasonable basis for doing so, in a manner that was inappropriate, disruptive, and in bad faith," according to Marketwatch.
  • In June, she alleged that some Disney employees tried to slash the firm's sales tax liabilities by reclassifying revenue from highly taxed items such as hotel rooms as revenue from lower-taxed items such as food and beverages, Marketwatch reported.

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A Disney whistleblower is accusing the company of overstating its revenue by billions

  • Sandra Kuba, who worked at Disney for 18 years, made the claims in whistleblower filings with the Securities and Exchange Commission.
  • In the filings, Kuba alleged employees in Disney's parks and resorts division recorded non-existent revenue from free golf rounds and guest promotions.
  • Disney's revenue could have been overstated by as much as $6 billion — about 20% — in 2009 alone, Kuba told Marketwatch.
  • Disney told government investigators it fired Kuba because "she displayed a pattern of workplace complaints against coworkers without a reasonable basis for doing so, in a manner that was inappropriate, disruptive and in bad faith," according to Marketwatch.
  • In June, she alleged some Disney employees tried to slash the firm's sales tax liabilities by reclassifying revenue from high-taxed items such as hotel rooms as revenue from lower-taxed items such as food and beverages, Marketwatch reported.

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