Walt Disney Company - Page 5

Disney Fires Trump Mega-Donor Ike Perlmutter from Marvel

The Walt Disney Co.’s massive round of layoffs has reportedly claimed a high-profile casualty: billionaire Isaac Perlmutter, the chairman of Marvel Entertainment and a major backer of former President Donald Trump. Isaac “Ike” Perlmutter sold Marvel to Disney in 2009

Hollywood Lost More Than $500 Billion in Market Value in 2022

For Hollywood, 2022 was truly an annus horribilis. Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022, with left-wing studios the Walt Disney Co., Netflix, and Comcast accounting for the bulk of the bloodshed.

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‘Avatar 2’ Is Latest Hollywood Blockbuster to Bomb in China

“Avatar: The Way of Water” belly-flopped on its opening weekend in China, bringing in $57.1 million, far below the approximately $120 million it was expected to earn. The shortfall has surely come as a disappointment for Disney, which is seeking to replicate the success of the first Avatar movie — the highest grossing Hollywood movie in China at the time of its release in 2009.”

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Disney Sued by Investor Claiming Company’s Fight with DeSantis over Florida’s Anti-Grooming Law Created ‘Far-Reaching Financial Risks’

A Disney investor has sued the company in an attempt to uncover internal records related to Disney’s fight with Florida Gov. Ron DeSantis (R) over the state’s anti-grooming Parental Rights in Education law. Investor Kenneth Simone sued Disney this week in a Delaware chancery court, claiming Disney “created far-reaching financial risks” for itself and its shareholders through its public attacks on the legislation.

Kevin Dietsch; Joe Raedle/Getty Images