Disney Hit With Investor Suit Over Alleged “Cost-Shifting Scheme” In Streaming Division
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Disney’s lofty subscriber growth and profitability targets for its streaming service have drawn a lawsuit from investors who claim that the entertainment giant misled them about the extent of its losses.
A suit filed on May 12 in California federal court accuses Disney of engaging in a fraudulent scheme designed to hide Disney+ costs and make forecasts that it would be…
This story from hollywoodreporter.com was posted on 2023-05-16 by @firefly.