Have to admit I am not sure what that actually means. The district itself and their hiring practices? Okay.TRM said:Ron DeSantis-controlled Disney district abolishes diversity, equity initiatives https://t.co/3mO0k7jbOM pic.twitter.com/NbRgxcLs9h
— New York Post (@nypost) August 1, 2023
During this same nine year period of time during which the stock price has declined, Disney CEO @RobertIger has been paid hundreds of millions of dollars by the company. So he’s personally made himself, potentially, a billionaire while making stockholders no money at all over…
— Clay Travis (@ClayTravis) August 3, 2023
Quote:
The district, which DeSantis now appoints the board of, said its decision came after an internal investigation found its previous leaders "implemented hiring and contracting programs that discriminated against Americans based on gender and race, costing taxpayers millions of dollars."
Now, the district is eliminating its DEI committee and associated job duties, as well as blocking its employees from working on DEI initiatives on the clock.
The previous leaders, before DeSantis took control of the district, "routinely awarded contracts based on racially and gender driven goals to businesses on the basis of their owners' race and gender," according to the announcement.
The district says "gender and racial quotas" were also given to contractors, which drained it of cash as it looked for complying businesses, which were "aggressively monitored" for their racial and gender practices.
NEW: Ron DeSantis suggests Disney move on from battle with Florida
— Florida’s Voice (@FLVoiceNews) August 14, 2023
"Parents have lost some confidence [in them] [...] Go back to what you did well [...] Drop the lawsuit [...] Your competitors all do very well here [and] they have not had the same special privileges as you." pic.twitter.com/6XmCeozZU8
That might be too generous The losses could be much more.Quote:
Disney's disastrous Indiana Jones and the Dial of Destiny is set to lose $100 million, according to this report from the far-left Variety:Quote:
"Indy 5," which opened in late June, has grossed $375 million globally after six weeks of release, while "M:I 7," which debuted in July, has generated $523 million after five weeks of release.
Those ticket sales are respectable in the current moviegoing landscape, especially because the films are part of decades-old properties aimed at older audiences.
The trouble is that each sequel cost roughly $300 million before marketing spends of at least $100 million, making them among the most expensive movies of all time. After falling short of expectations, they could lose nearly $100 million in their theatrical runs, according to sources familiar with the financials of similar productions.
Quote:
Instead, believe the math…
Indiana Jones and the Dial of This Is What You Get When You Hire An Idiot Like Kathleen Kennedy cost at least $400 million to produce and promote. I've seen estimates as high as $430 million. Dial of Kathleen Kennedy Sucks only grossed $375 million worldwide. It didn't even earn back its costs. From here, the math is fairly easy… Theaters ate up at least $150 million of that $375 million, which leaves (and I'm being generous to the Disney Grooming Syndicate) $225 million for the Disney Grooming Syndicate. At a minimum, that's a $200 million loss for Disney. Then there's what we don't know, like how much Harrison Ford might take out of the gross.
LINKQuote:
Even so, Dial of Kathleen Kennedy Needs to Clean Out Her Desk was supposed to earn hundreds of millions for these groomers. But instead of swimming in hundred-dollar bills, Disney is forced to urge their sycophants to write fake news about how Dial of Kathleen Should Be Escorted Out By Security could someday-perhaps-maybe break even.
I think she's already left?Im Gipper said:
Disney will probably promote Kennedy! Greenlight a remake of Freaky Friday where the dad and daughter switch bodies, decide not to switch back and get married to one another.
I honestly think the BL and Disney things are different in a way.Phatbob said:
It will take a lot of losses to make the changes Disney needs to make internally. This is a good start. Disney needs to be a punchline like Bud Light. Then maybe they'll understand how far they went astray.
And if they get that summary judgment, most if not all of the federal suit becomes moot.Quote:
That brief argued that the dispute between Disney and Florida was a state matter, not a federal one; that the 11th-hour covenants and agreements the RCID board enacted on its way out the door were never valid to begin with; and that Disney was making a baseless First Amendment claim in the lawsuit.
We haven't heard any news on that brief, but the CFTOD isn't giving up on asserting that it is the rightful governing authority over the property and surrounding area.
The CFTOD board's attorneys filed a motion on Tuesday in the state lawsuit against Disney, moving for summary judgment on five of the nine counts in the suit. The 28-page motion begins by declaring, "For each of these counts, there is no genuine dispute as to any material fact, and the District is entitled to judgment as a matter of law."
And here's a major no-no.Quote:
The motion details the reason for the suit: those restrictive agreements and covenants that the RCID board attempted to enact in order to allow Disney to maintain control over the district even after RCID had been replaced by CFTOD. The motion recounts:Quote:
After a public hearing, during which the District heard presentation from counsel regarding the illegality of the Agreements, the District adopted legislative findings detailing the legal defects in the Agreements and concluding that the Agreements are void ab initio [from the beginning]. Disney, however, continues to insist that the Agreements are valid and enforceable, thereby creating doubt about the District's ability to govern.
Consequently, the District filed this lawsuit seeking a declaratory judgment that the Agreements are void and unenforceable and an order enjoining Disney from enforcing them.
LINKQuote:
The fourth count states that Disney violated the Florida Constitution when it attempted to issue bonds for capital projects without seeking the approval of voting residents within the district, while the fifth count charges that RCID sought to privatize governmental authority by "substitut[ing] Disney for the District as the final authority on all land use decisions" in violation of state law.
Ok...aggiehawg said:That might be too generous The losses could be much more.Quote:
Disney's disastrous Indiana Jones and the Dial of Destiny is set to lose $100 million, according to this report from the far-left Variety:Quote:
"Indy 5," which opened in late June, has grossed $375 million globally after six weeks of release, while "M:I 7," which debuted in July, has generated $523 million after five weeks of release.
Those ticket sales are respectable in the current moviegoing landscape, especially because the films are part of decades-old properties aimed at older audiences.
The trouble is that each sequel cost roughly $300 million before marketing spends of at least $100 million, making them among the most expensive movies of all time. After falling short of expectations, they could lose nearly $100 million in their theatrical runs, according to sources familiar with the financials of similar productions.Quote:
Instead, believe the math…
Indiana Jones and the Dial of This Is What You Get When You Hire An Idiot Like Kathleen Kennedy cost at least $400 million to produce and promote. I've seen estimates as high as $430 million. Dial of Kathleen Kennedy Sucks only grossed $375 million worldwide. It didn't even earn back its costs. From here, the math is fairly easy… Theaters ate up at least $150 million of that $375 million, which leaves (and I'm being generous to the Disney Grooming Syndicate) $225 million for the Disney Grooming Syndicate. At a minimum, that's a $200 million loss for Disney. Then there's what we don't know, like how much Harrison Ford might take out of the gross.LINKQuote:
Even so, Dial of Kathleen Kennedy Needs to Clean Out Her Desk was supposed to earn hundreds of millions for these groomers. But instead of swimming in hundred-dollar bills, Disney is forced to urge their sycophants to write fake news about how Dial of Kathleen Should Be Escorted Out By Security could someday-perhaps-maybe break even.
Not to mention the shareholder suits and bond holders feeling less than secure in light of the Hulu deal coming up in a few months. Disney just doesn't have the cash, are already too highly leveraged to borrow enough to cover that acquisition with their bond issues.aggie93 said:
It's really hard to overstate just how badly Disney overplayed it's hand and is getting their ass kicked on every level around this. They are losing money, park attendance is down, movies are bombing, brand damage is catastrophic, and they are getting destroyed in Court over and over again.
Quote:
Hollywood financer TSG Entertainment is suing Disney for breach of contract.
The suit filed Tuesday in Los Angeles Superior Court alleges that Disney and its studio 20th Century Fox committed a number of transgressions, including withholding profits and cutting deals to boost its streaming platforms and stock price. This act deprived TSG of cash to invest in individual films and its efforts to sell its stakes in other movies, the lawsuit says.
Via Hot AirQuote:
And as they're already running short of cash on hand, it doesn't make much sense to keep shooting yourself with the same woke bullet in the foot.
Today, accusations are some of the cash buying the bullets didn't belong to them to begin with. They were firing woke on other people's dimes. Not only not sharing what was rightfully the other company's, but doing some financial magic wand waving to gin up monies owed that weren't. For just the 3 films they'd had audited, TSG found out Disney had underpaid them by $40M.
That's some cha-ching.Quote:
…Noticing a decline in profits, TSG requested an audit of a sampling of three of the films it financed for 20th Century Fox. TSG alleges that it found "rampant self-dealing" and "accounting tricks" within the books and had been underpaid by at least $40 million.
"At its root, it is a chilling example of how two Hollywood behemoths with a long and shameful history of Hollywood Accounting, Defendants Fox and Disney, have tried to use nearly every trick in the Hollywood Accounting playbook to deprive Plaintiff TSG the financier who, in good faith, invested more than $3.3 billion with them out of hundreds of millions of dollars," the suit says.
In one alleged incident, TSG said Fox licensed "The Shape of Water," which won best picture at the 2018 Academy Awards, to FX, a channel owned by the studio, for $4 million less than it should have under its output agreement.
Additionally, TSG said through its audit that it found it had not been credited with revenue it should have received and was charged millions of dollars for distribution fees that weren't part of its revenue-participation agreement with the studio.
Took 3 1/2 months to come up with that?AC Hopper said:
Quote:
The conflict between the up-and-coming Republican and the company behind Mickey Mouse started when Disney, responding to protests from its own employees, criticized the "Don't Say Gay" bill limiting discussions about sexual and gender identity in the classroom.
The conflict between the up-and-coming-going nowhere Republican ... .
I bet that sounded clever in your head...AC Hopper said:
Quote:
The conflict between the up-and-coming Republican and the company behind Mickey Mouse started when Disney, responding to protests from its own employees, criticized the "Don't Say Gay" bill limiting discussions about sexual and gender identity in the classroom.
The conflict between the up-and-coming-going nowhere Republican ... .
So DeSantis is in the midst of one of the most successful takedowns of a company pushing Woke and interfering in politics and that's your response? This along with the Bud Light stuff is literally turning back the tide on ESG and DEI and Woke politics in business. I have no idea where DeSantis' Presidential campaign ends up but this is something we should all be celebrating. The fact that he accomplished this under immense pressure from both sides is even more impressive.AC Hopper said:
Quote:
The conflict between the up-and-coming Republican and the company behind Mickey Mouse started when Disney, responding to protests from its own employees, criticized the "Don't Say Gay" bill limiting discussions about sexual and gender identity in the classroom.
The conflict between the up-and-coming-going nowhere Republican ... .
I don't know if he would have or not, and neither do you. But I know he would not have had the level of support he did in the legislature without them going woke and coming out strongly in favor of grooming young kids in schools without parental consent. Disney could have handled their opposition (for whatever reason) to the law against early childhood grooming in schools much better too.Bill Clinternet said:
The argument here is this; Would DeSantis have taken over Reedy Creek had Disney not been "woke"? I think it is clear he would not have and neither did any Florida governor before him.
While he is right about Woke being bull****, this could have and should have been approached in a different way.
Fact of the matter is that Disney had been a bad neighbor and the state legislators and governors had long desired to change the law to eiiminate the deal but didn't have the votes to do so until now.Bill Clinternet said:
The argument here is this; Would DeSantis have taken over Reedy Creek had Disney not been "woke"? I think it is clear he would not have and neither did any Florida governor before him.
While he is right about Woke being bull****, this could have and should have been approached in a different way.
Quote:
The argument here is this; Would DeSantis have taken over Reedy Creek had Disney not been "woke"? I think it is clear he would not have and neither did any Florida governor before him.
While he is right about Woke being bull****, this could have and should have been approached in a different way.
It wasn't just that Disney went "woke" but they actively campaigned against an educational bill which has zero impact to an entertainment coporation.
Bill Clinternet said:
The argument here is this; Would DeSantis have taken over Reedy Creek had Disney not been "woke"? I think it is clear he would not have and neither did any Florida governor before him.
While he is right about Woke being bull****, this could have and should have been approached in a different way.
Reedy Creek was not the only special improvement district affected by the change in the law, as well. So it was not just targeted solely at Disney.Quote:
DeSantis removed special privileges they allowed Disney because they made up lies to campaign against him.
Media covers legal filings by Disney and ignores Florida’s. Why? Well…
— Jeremy Redfern (@JeremyRedfernFL) August 17, 2023
“Disney effectively concedes that those assertions… were more a glorified press release than part of a legal document.
The Governor welcomes Disney's surrender on…claims challenging his legislative acts.” pic.twitter.com/UswabOsTrj
Actually, it was when Disney stepped into the political realm and starting to actively work against the Parental Rights in Education bill...Definitely Not A Cop said:Bill Clinternet said:
The argument here is this; Would DeSantis have taken over Reedy Creek had Disney not been "woke"? I think it is clear he would not have and neither did any Florida governor before him.
While he is right about Woke being bull****, this could have and should have been approached in a different way.
There are plenty of woke companies in Florida. DeSantis removed special privileges they allowed Disney because they made up lies to campaign against him. Punishing isn't the same thing, and you know this.
I could've sworn it was the legislature that passed a law making the changes too, not simply an executive action by DeSantis. Oh well, I admit to not really caring that much, other than to laugh at Disney and fans of their pedophile supportive management.aggiehawg said:Reedy Creek was not the only special improvement district affected by the change in the law, as well. So it was not just targeted solely at Disney.Quote:
DeSantis removed special privileges they allowed Disney because they made up lies to campaign against him.
So he used his office to retaliate against them?Definitely Not A Cop said:Bill Clinternet said:
The argument here is this; Would DeSantis have taken over Reedy Creek had Disney not been "woke"? I think it is clear he would not have and neither did any Florida governor before him.
While he is right about Woke being bull****, this could have and should have been approached in a different way.
There are plenty of woke companies in Florida. DeSantis removed special privileges they allowed Disney because they made up lies to campaign against him. Punishing isn't the same thing, and you know this.
