{"id":2002524,"date":"2023-08-16T13:52:01","date_gmt":"2023-08-16T17:52:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-sued-by-financing-partner-for-allegedly-cheating-them-out-of-millions\/"},"modified":"2023-08-16T13:52:59","modified_gmt":"2023-08-16T17:52:59","slug":"disney-sued-by-financing-partner-for-allegedly-cheating-them-out-of-millions","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-sued-by-financing-partner-for-allegedly-cheating-them-out-of-millions\/","title":{"rendered":"Disney sued by partner for allegedly defrauding them of millions."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-sued-by-financing-partner-for-allegedly-cheating-them-out-of-millions%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2002524&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Film Financier\u200c TSG Sues\u2062 Disney\u2062 for Withholding \u2063Profits<\/h2>\n<p>Film\u200d financier TSG is <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/n-m-widower-sues-alburquerque-over-sanctuary-city-policy\/\" title=\"N.M. widower sues Alburquerque over sanctuary city policy\">taking legal action<\/a> \u2063against Disney, accusing the entertainment giant of \u2062using deceptive accounting practices to withhold \u2063millions in profits. TSG, which\u2062 has invested a staggering $3.3 billion in 140 projects at Fox, claims\u2063 that Disney employed &#8220;nearly every trick in the Hollywood\u2062 accounting book&#8221; \u200cto cheat them out of their rightful earnings.<\/p>\n<p>Some of the notable \u200cprojects financed by TSG include &#8220;The Banshees of Inisherin,&#8221; &#8220;Avatar: The Way of Water,&#8221; &#8220;Bohemian Rhapsody,&#8221; &#8220;Deadpool,&#8221; &#8220;The Grand Budapest Hotel,&#8221; and &#8220;The Shape of Water.&#8221;<\/p>\n<h3>Shifting Distribution Standards and Financial Losses<\/h3>\n<p>One of the \u2063key issues in the lawsuit revolves around the changing landscape of film \u200cdistribution. With the rise of\u2062 streaming services and the\u200c impact \u2064of COVID-19 \u2062lockdowns, distribution strategies\u200d have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-says-twitter-to-change-logo-adieu-to-all-the-birds\/\" title=\"Elon Musk: Twitter logo to change, bidding farewell to 'all the birds'.\">undergone significant transformations<\/a>.<\/p>\n<p>The lawsuit argues that \u2063collapsing distribution windows, a \u200cpractice\u2062 aimed at maximizing profits, has\u200c resulted in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-sued-by-financing-partner-for-allegedly-cheating-them-out-of-millions\/\" title=\"Disney sued by partner for allegedly defrauding them of millions.\">missed revenue opportunities<\/a> for studios and investors like TSG. Disney allegedly forced 20th Century Film Studio to renegotiate its output deal, sacrificing a substantial portion of guaranteed HBO license fees in exchange for streaming rights on Disney+ and Hulu. While this move proved lucrative for\u2064 Disney and its shareholders, TSG\u200c claims it cost them\u200c millions.<\/p>\n<p>The financial setback caused by\u200c this arrangement also hindered TSG&#8217;s ability to invest \u2062in future projects, including\u200d the highly\u200d anticipated &#8220;Avatar: \u2063The Way of Water.&#8221;<\/p>\n<h3>Allegations of Unfair\u2063 Deals and Manipulation<\/h3>\n<p>TSG further alleges that \u206320th Century Film\u200c Studio violated a \u200bstanding agreement with \u2062FX Networks by brokering a \u2063secret \u200cside deal that undervalued the films. The lawsuit accuses Disney and its\u2063 executives, including \u2064CEO Bob Iger, of prioritizing their own interests over\u200b those\u2063 of \u2062TSG and other profit participants.<\/p>\n<p>Attorney John Berlinski, who represents TSG, describes this practice as &#8220;Hollywood accounting,&#8221; a\u200c way for studios to cheat investors out of\u200c their rightful share of profits. Berlinski\u2062 previously represented Scarlett Johansson in \u200dher lawsuit\u200d against Disney over her \u200dcompensation for\u200d &#8220;Black Widow.&#8221;<\/p>\n<h3>Financial \u2064Losses\u200b and \u2062CEO Admission<\/h3>\n<p>Auditors\u200b estimate that \u200cTSG&#8217;s earnings were reduced by at least\u2063 $54.5 million due\u200b to Electronic \u2063Sell-Through distribution. The lawsuit also highlights comments made by Disney CEO Bob Iger during an earnings call, where he\u2064 admitted that \u2062the company \u2064pursued\u200b its streaming strategy\u200c without proper\u200b consideration for pricing.<\/p>\n<p>Disney has yet to publicly comment on the lawsuit.<\/p>\n<p><em>(Disclosure: The Daily Wire has announced \u2062plans for kids entertainment content.)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Film financier TSG is accusing Disney of withholding profits through deceptive accounting practices. TSG invested $3.3 billion in 140 projects at Fox, which Disney acquired for $71.3 billion. Among these projects is &#8220;The Banshees of Inisherin.&#8221; TSG has filed a lawsuit seeking compensation for the alleged withheld millions.<\/p>\n","protected":false},"author":345,"featured_media":2002525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2002524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2002524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/345"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2002524"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2002524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2002525"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2002524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2002524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2002524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}