Firing back. After Khloé Kardashian was sued by her former assistant for unlawful termination, she filed her own court documents and denied the claims.
15.05.2023 - 23:21 / deadline.com
To paraphrase Neil Young, Bob Chapek is gone from Disney but not forgotten.
A shareholder is suing the former CEO along with former executive Kareem Daniel, current CFO Christine McCarthy and the company itself alleging violations of securities law for misleading statements about Disney+ and the health of the streaming business.
Filed on May 12, the suit by Local 272 Labor Management Pension Fund, filed in U.S. District Court for the Central District of California, seeks a lead plaintiff for a class action representing purchasers of Disney shares between December 10, 2020 and November 8, 2022, when the company dramatically missed earnings guidance and the stock took a major hit after a bumpy 2021.
Seeking a jury trial, the dense complaint (read it here) alleges:
Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Disney+ was suffering decelerating subscriber growth, losses, and cost overruns; (ii) the true costs incurred in connection with Disney+ had been concealed by Disney executives by debuting certain content intended for Disney+ initially on Disney’s legacy distribution channels and then making the shows available on Disney+ thereafter to improperly shift costs out of the Disney+ segment; (iii) Disney had made platform distribution decisions based not on consumer preference, consumer behavior, or the desire to maximize the size of the audience for the content as represented, but based on the desire to hide the full costs of building Disney+’s content library; and (iv) Disney was not on track to achieve even the reduced 2024 Disney+ paid global subscriber and profitability targets, such targets were not achievable, and such estimates lacked a
Firing back. After Khloé Kardashian was sued by her former assistant for unlawful termination, she filed her own court documents and denied the claims.
ITV tonight launch an external inquiry into Phillip Schofield's relationship with a much younger colleague in an attempt to save embattled This Morning. In a humiliating climbdown, the channel told its employees, following a crisis staff meeting, that it has begun a review, which will be led by a barrister as the pressure mounts for the bosses to tell what they knew and when about the affair.
Lewis Capaldi brought Radio 1’s Big Weekend to a close in truly epic style. The Scottish singer-songwriter was part of an epic line-up for this year’s festival in Dundee, playing alongside the likes of Anne-Marie, the Jonas Brothers, Raye, and Saturday night headliners The 1975. Also on the bill were Thirty Seconds To Mars, who were originally due to play yesterday, before technical difficulties led to a change in scheduling.
Bikini babe! It’s no secret that Lizzo is our body positivity motivation, and she has Us ready to pull out the swimsuits already.
A spokesperson for ITV said the broadcaster was “deeply disappointed” by the “admissions of deceit” made by Phillip Schofield after the presenter admitted to an affair with a young This Morning colleague.
Fast-fashion giant Boohoo handed its chief executive a bonus of more than £650,000 despite racking up losses of over £90m.
A Los Angeles County judge on Thursday said she will dismiss a lawsuit that the stars of 1968’s Romeo and Juliet filed over the film’s nude scene, which they said involved them being subjected to fraud, and sexual abuse and harassment when they were in their teens. Superior Court Judge Alison Mackenzie ruled in favour of a motion from defendant Paramount Pictures to dismiss the lawsuit brought by Olivia Hussey, who played Juliet at age 15 and is now 72, and Leonard Whiting, who played Romeo at 16 and is also 72.
Gene Maddaus Senior Media Writer A judge on Thursday said she will throw out a lawsuit over a nude scene in the 1968 version of “Romeo and Juliet,” after finding that the film is protected by the First Amendment. The stars of the film, Olivia Hussey and Leonard Whiting, filed the suit in December, alleging that they were coerced by director Franco Zeffirelli into performing nude in the film’s bedroom scene. Hussey was 16 at the time of filming; Whiting was 17. Judge Alison Mackenzie granted Paramount’s motion to throw out the suit, finding that the plaintiffs had not complied with the provisions of a California law that temporarily suspended the statute of limitations for child sex abuse claims.
Mansa, a free, ad-supported streaming service centered on Black culture, has struck a distribution deal with AMC Theatres to have its original features and series exhibited in theaters nationwide.
King Charles’ Coronation has been hit with more than 8,000 Ofcom complaints by fuming TV viewers. Coverage of the momentous occasion was broadcast on Saturday 6 May - with millions of Royal fans tuning in to watch the King and Queen Camilla being officially crowned at Westminster Abbey.
is taking aim at the show's namesake. On part one of the Bravo series' highly-anticipated reunion special, much of the cast pushed back at Lisa Vanderpump for appearing to side with Tom Sandoval.The first episode of the reunion came amid Scandoval, the fan-made name for the months-long affair Sandoval had with Raquel Leviss during his nine-year-long relationship with Ariana Madix.Vanderpump entered the «much-needed» reunion prepared to «sort it out» and get to the truth, even complimenting Madix's «revenge dress.» Later in the reunion, though, Vanderpump pushed back at a couple of comments Madix made.When host Andy Cohen asked if a lack of intimacy played a role in the deterioration of Madix and Sandoval's relationship, Madix replied, «No, I think he caused the divide in the relationship because he was f**king other people.»Vanderpump noted that «other people» implies more than just Leviss, and Madix insisted, «He's f**ked more than Raquel.»Later, Vanderpump's business relationship with Sandoval came up, and Cohen asked Madix if that continued relationship would cause her to cut off contact with the matriarch.«We just won’t be as close,» Madix said, as a shocked Vanderpump exclaimed, «Hold on a second! What do you expect me to do?»Vanderpump went on to point out her long-term support of Madix, but Madix insisted she'd have a hard time confiding in Vanderpump in the future.
HBO Max and Discovery+ have merged into one streaming platform called, simply, Max. This comes following the announcement in April that the two services would combine.“From the biggest superheroes to real-life champions; from culture-shaping dramas to taste-shaping entertainment; from fantastical realms to the realest of worlds, Max will offer an unrivaled range of choice,” said JB Perrette the President & CEO of Global Streaming & Games at Warner Bros.
Reuters reported.Heresniak had claimed in the suit, which had sought class action status, that by delaying disclosure of his purchases of Twitter stock, Musk cost him and other shareholders $156 million. It was filed in May 2022, about a month after the company had accepted Musk’s buyout offer.
If you figured the war between Disney and Gov. Ron DeSantis was going to take a breather for the weekend, think again.
Just over a week ago, Bob Iger rhetorically asked the adversarial Gov. Ron DeSantis if Florida really wanted Disney’s considerable business and tax revenue, or not. Now, without mentioning the would-be presidential contender nor his attacks on the company, the Mouse House has pulled some of that business and taxes revenues from the Sunshine State.
J. Kim Murphy Bob Chapek, the former Disney CEO who was abruptly ousted from the company last November, is among a group of executives facing a lawsuit claiming violations of securities law for allegedly providing misleading statements and omissions about Disney+ and its subscriber growth. The case, filed by Local 272 Labor Management Pension Fund on May 12 in the U.S. District Court for the Central District of California, also names former Disney executive Kareem Daniel and current CFO Christine McCarthy, as well as the Walt Disney Co. itself, as defendants. The document states that the case seeks a lead plaintiff and judicial determination for a class action suit representing Disney shareholders from Dec. 10, 2020 to Nov. 8, 2022.
Florida’s “Don’t Say Gay” bill and the lawsuit brought by Scarlett Johansson over her share of “Black Widow” streaming revenue. Daniel, formerly Disney’s Film and TV Distribution Head, left shortly after Iger’s return.
Comedian Jason Manford has been hit with heartbreak just months before his Nan's milestone birthday. The comedian shared a poignant video as he updated fans.
Todd Spangler NY Digital Editor Shares of Disney slipped as much as 9% in trading Thursday after the media conglomerate reported earnings for the first three months of 2023. Disney’s earnings report showed progress on the cost-cutting front — with streaming losses narrowing for the quarter — but analysts cited a weak advertising outlook and uncertainty over when its streaming business can contribute to the bottom line. As of 11:30 a.m. ET, Disney’s stock price was $92.86/share, down 8.2%, and off its 52-week high of $126.48. Disney+ lost 4 million subscribers for the quarter ended April 1, including a loss of 300,000 in the U.S./Canada. But the company narrowed its streaming losses by $400 million, down 26% year over year, and Disney said it would remove content from Disney+ to cut costs while also expecting to raise prices on the ad-free Disney+ tier. In addition, CEO Bob Iger announced that the company would launch an integrated Disney+/Hulu “one-app experience” in the U.S. by the end of 2023 — indicating Disney’s desire to hold on to Hulu.
Disney chief executive Bob Iger weighed in on AI today, staying general but calling the battleground technology good for Disney’s business, but disruptive.