Disney Responds To Bogus SEC Claim That They Cooked Their Books

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A Disney accountant debunks recent claims that the House of Mouse is cooking the books to overstate profits.

In a report from Deadline, an accountant by the name of Sandra Kuba, a Disney employee of 18 years before being fired in 2017, has told the MarketWatch and the Securities and Exchange Commission that the media company that the likes of Walt Disney, Michael Eisner, and Bob Iger have built has over-reported profits by as much as $6 billion in a year for several years. However, Disney sources have quickly debunked this report with the following statement:

“This former employee, who was fired for cause, has persistently made patently false claims for over two years. The claims she made to the company were thoroughly investigated and found to be utterly baseless. It is unfortunate that MarketWatch, which has been aware of the facts for months, knowingly and deliberately chose to give Ms. Kuba’s unfounded claims a platform.”

Just because a report is filed to the SEC it doesn’t mean that there will be an investigation to come out of it. Kuba has made these claims for over two years now, and there has been little movement to suggest that action will be taken, something that suggests that her concerns are not being taken seriously. Disney claimed that Kuba was fired due to “[displaying] a pattern of workplace complaints against co-workers without a reasonable basis for doing so, in a manner that was inappropriate, disruptive and in bad faith.” Kuba previously withdrew a retaliation claim in 2018.

Regardless, Disney is having an absolutely fantastic 2019 at the box office, towering over their competitors in spite of growing pains with inheriting Fox’s slate of movies. So far, five films distributed by Disney this year have made $1 billion — Captain MarvelAvengers: Endgame, AladdinToy Story 4, and The Lion King (with Avengers: Endgame topping $2 billion in record time) – with Frozen II and Star Wars: The Rise of Skywalker serving as further contenders to make even more cash on that kind of level. It’s unlikely that Disney will have a year as great as this one anytime soon, but in any case, it will provide their new streaming service Disney+ with a lot of great content to make money off of.

Stay tuned for the latest news on any and all upcoming Disney projects.

Source: Deadline

Disney Unveils New Character Posters For ‘The Lion King’ Remake

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The Lion King DisneyDisney released several new character posters for the remake of The Lion King.

Disney's remake The Lion King is next in the studios' line-up of live-action retellings of their animated classics and now several new character posters for the film have been unveiled. These new posters for The Lion King may offer the best look yet at the photo-realistic versions of Simba, Nala, Mufasa, Scar, Timon, Pumbaa, Sarabi, young Simba, young Nala, Sarabi, Rafiki, and Zazu.

Check out the Lion King poster for Simba below and click "next" to view the rest of the gallery!

The Lion King Disney SimbaWhat do you think of the new posters from Disney? Are you among those who are excited to see the beloved film retold in a realistic setting or do you agree with the others who are growing weary of Disney's live-action remakes? Share your thoughts in the comments section below!

Here is the official synopsis for The Lion King:

Director Jon Favreau’s all-new “The Lion King” journeys to the African savanna where a future king is born. Simba idolizes his father, King Mufasa, and takes to heart his own royal destiny. But not everyone in the kingdom celebrates the new cub’s arrival. Scar, Mufasa’s brother—and former heir to the throne—has plans of his own. The battle for Pride Rock is ravaged with betrayal, tragedy and drama, ultimately resulting in Simba’s exile. With help from a curious pair of newfound friends, Simba will have to figure out how to grow up and take back what is rightfully his.

Directed by Jon Favreau from a script written by Jeff Nathanson, The Lion Kingstars Donald Glover as Simba, Beyoncé Knowles-Carter as Nala, James Earl Jones as Mufasa, Chiwetel Ejiofor as Scar, Seth Rogen as Pumbaa and Billy Eichner as Timon.

The Lion King will be released in theaters on July 19, 2019.

The Lion King Nala Disney

The Lion King Mufasa Disney

The Lion King Scar Disney

The Lion King Timon Disney

The Lion King Pumbaa Disney

The Lion King Simba Disney

The Lion King Nala Disney

The Lion King Sarabi Disney

The Lion King Rafiki Disney

The Lion King Zazu Disney

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