I got curious after hearing that TSG were suing the House of Mouse over 'Hollywood accounting' given they are a major entertainment financier so had a look around and found a copy of the complaint. I'm the first to admit I'm no legal expert but if I'm reading it right then it looks like breach of contract, fraud and tortuous interference. If this is correct then Disney has been a baaaaaaaaaad rodent..
https://deadline.com/2023/08/disney-lawsuit-film-finance-partner-tsg-hollywood-accounting-fox-streaming-1235520089/
https://deadline.com/wp-content/uploads/2023/08/FINAL-TSG-Complaint.pdf
The cynic in me doesn't think this will ever make it to court as the discovery phase will mean all of their relevant financial documents will be in the public domain which would be a public relations nightmare not to mention that the SEC would have to step in and investigate. I can't see Disney settling out of court as they need all of their available capital and assets for the Hulu purchase and given what was said during the earnings call that could cost around $20bn so my guess is that they will drag it out through arbitration for as long as possible.
Disney backed down over Black Widow so will probably settle out of court again. But as you say this does have a bad rodent smell about it
Bloody hell. if you thought that this had a bad rodent smell about it then the report into business practices by the Reedy Creek board is a whole new world of shite. If even half of this turns out to be accurate then you are still looking at prima face cases of misappropriation of public funds, fraud, bribery, tax evasion and subversion of government powers. I could be wrong but given how long this has been going on it could end up in RICO territory.
https://www.reuters.com/world/us/desantis-board-accuses-disney-controlling-previous-one-with-gifts-2023-12-04/Here's the report, the evidence list looks comprehensive enough to be taken seriously despite Disney's claims otherwise.
https://www.politico.com/f/?id=0000018c-3813-d1d4-a3ef-3bf3c8a30000