Disney Mistakenly Claimed It Was Considering Offering Actors Shares In Its Movies [Forbes]
Walt Disney Company (The) (DIS)
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Source: Forbes
Getty Images Disney has revealed that at the height of the dispute between actors, writers and Hollywood studios last year, it filed official documents which wrongly claimed it was considering offering employees shares in the production companies behind its movies. Hollywood was gripped by strikes for more than six months after the Writers Guild of America (WGA) downed their tools in May. Just over two months later they were followed by the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA). It marked the first time that both parties had been on strike since 1960 and money was the driving force behind it. One of their common concerns was residuals – royalties paid to actors and writers for reruns of the films and television shows they work on as well as other airings after the initial release. The basic remuneration structure was developed in the aftermath of the 1960 strike and it has since been applied to successive forms of media. A
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DIS
Earnings
- 8/7/24 - Beat
DIS
Sec Filings
- 11/1/24 - Form 4
- 10/21/24 - Form 8-K
- 10/2/24 - Form 4
- DIS's page on the SEC website