Disney is in deep trouble. They’ve had to settle a case where they were accused of ‘self-dealing’ and ‘Hollywood accounting.’ And as they continue to bleed out cash movie after movie, pundits are wondering aloud if Dopey is actually running Disney…
➡️ Tip Jar and Fan Support: http://ClownfishSupport.com
➡️ Official Merch Store: http://ShopClownfish.com
➡️ Official Website: http://ClownfishTV.com
Additional Context:
Disney and its subsidiary 20th Century Studios recently settled a lawsuit with film financing partner TSG Entertainment. TSG had sued Disney, accusing them of “rampant self-dealing” and breach of their revenue participation contract. The lawsuit alleged that Disney/Fox used various tactics in “Hollywood accounting” to reduce TSG’s share of defined gross receipts, which negatively impacted TSG’s ability to generate liquidity for future productions.
The lawsuit also highlighted Disney’s strategy of releasing films on Disney+ to grow subscriptions, which reduced theatrical revenue for TSG. These actions were characterized as part of a broader pattern of Hollywood accounting practices, including the use of “accounting tricks” and “self-dealing” to avoid paying financiers their due share of profits. The case was settled with both parties agreeing to a resolution, though the specific terms of the settlement were not disclosed.
The settlement of this lawsuit marks a significant resolution in the ongoing legal battles within the entertainment industry, particularly concerning financial agreements and revenue sharing. This case has shed light on the complexities of revenue participation contracts in film production and distribution.
About Us:
Clownfish TV is an independent, opinionated news and commentary channel that covers Entertainment and Tech from a consumer’s point of view. We talk about Gaming, Comics, Anime, TV, Movies, Animation and more. Hosted by Kneon and Geeky Sparkles.
Disclaimer:
This series is produced by Clownfish Studios and WebReef Media, and is part of ClownfishTV.com. Opinions expressed by our contributors do not necessarily reflect the views of our guests, affiliates, sponsors, or advertisers. ClownfishTV.com is an unofficial news source and has no connection to any company that we may cover. This channel and website and the content made available through this site are for educational, entertainment and informational purposes only. These so-called “fair uses” are permitted even if the use of the work would otherwise be infringing.
Disney #News #Commentary #Reaction #Podcast #Comedy #Entertainment #Hollywood #PopCulture #Tech
ClownfishTV.com strives to be an apolitical, balanced and based pop culture news outlet. However, our contributors are entitled to their individual opinions. Author opinions expressed in this article do not necessarily reflect the views of our video hosts, other site contributors, site editors, affiliates, sponsors or advertisers. This website contains affiliate links to products. We may receive a commission for purchases made through these links. We disclaim products or services we have received for review purposes, as well as sponsored posts.
