Disney Accounting A former Disney senior financial analyst has accused the company of inflating revenue for years, with the aid of flawed software. Disney denies Sandra Kuba's claims and says she was fired for caused in 2017—she says she was fired after she contacted the SEC. Fortune
Disney blow Disney took a $1.4 billion hit to its Q1 net income. It's not all down to the lockdown—accounting for the consolidation of assets acquired in its 2019 21st Century Fox deal also played a part. But the former factor will obviously play a much bigger role this quarter. Executive chairman Bob Iger is trying to sound upbeat about the post-lockdown future though: "People find comfort in our messages of hope and optimism." Wall Street Journal
it’s not a question will Disney go over $200 just a matter of how many days will it take. I say 2 weeks tops.
Disney+ success Disney returned to profit in the latest quarter, boosted by lower losses at its pandemic-battered theme parks, along with a greater-than-expected surge in Disney+ subscriber numbers. There are now around 95 million Disney+ subscribers, with over 21 million having signed up during the quarter. Fortune