Tag

Self Dealing

All articles tagged with #self dealing

DeSantis-Appointed Board Accuses Disney of Self-Dealing and Tax Evasion
business2 years ago

DeSantis-Appointed Board Accuses Disney of Self-Dealing and Tax Evasion

The Central Florida Tourism Oversight District Board, appointed by Governor Ron DeSantis, has approved an audit accusing Disney of self-dealing in the region. The audit alleges decades of misdeeds, including lack of housing and transportation, awarding work to a closed loop of vendors, and offering free passes and discounts to officials. Disney, the biggest taxpayer in the district, has called the report "revisionist history" and claims it is retaliation for exercising its right to free speech. The board also attempted to conflate the audit with a looming proxy fight with activist investor Nelson Peltz, citing poor governance in Disney's boardroom.

Disney Faces Lawsuit Alleging Financial Manipulation and Withholding of Funds from Film Financier
business2 years ago

Disney Faces Lawsuit Alleging Financial Manipulation and Withholding of Funds from Film Financier

TSG Entertainment, a major financier of Fox films, has filed a lawsuit against Disney, accusing the company of using Hollywood accounting tactics to cheat it out of hundreds of millions of dollars. TSG alleges that Disney engaged in "self-dealing" by diverting Fox films from a lucrative HBO license to its own streaming platforms, Disney+ and Hulu. The lawsuit also claims that Fox entered into "sweetheart" deals when licensing films to the FX cable channel. TSG further alleges that Disney sought to boost its stock price and executive pay packages at TSG's expense. This lawsuit echoes similar claims made by Scarlett Johansson against Disney over the release of "Black Widow."