Movie News
Disney Sued By Investors Over Alleged "Fraudulent Scheme" Of Hiding Disney+ Losses
Disney is being sued by some of their investors, who allege the company lied about its losses pertaining to their streaming service, Disney+. The platform, owned entirely by Disney, includes most movies and TV series made by the company, including massive blockbuster brands like the Marvel Cinematic Universe and Star Wars. However, the service has seen some recent hardship this year, starting with Disney+ losing 4 million subscribers in the first three months of 2023.
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