I mean to be fair movie studios always commit fraudd in order to make it look like the net earnings are zero. That's how they can avoid paying their actors. They try to pressure people into signing contracts where they get a percentage of the net pay and then they fudge the numbers so that there is none
Normally, yes. In this case though, Disney has been such a mess for the last few years, that all of their fraud has been the opposite and meant to make them look profitable. They are terrified of taking a big stock price hit that would allow Nelson Peltz to do a hostile takeover.
I mean to be fair movie studios always commit fraudd in order to make it look like the net earnings are zero. That's how they can avoid paying their actors. They try to pressure people into signing contracts where they get a percentage of the net pay and then they fudge the numbers so that there is none
Normally, yes. In this case though, Disney has been such a mess for the last few years, that all of their fraud has been the opposite and meant to make them look profitable. They are terrified of taking a big stock price hit that would allow Nelson Peltz to do a hostile takeover.