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Disney Accused by Whistleblower of Inflating its Revenue For Years (Report)

  • The Wrap
Disney’s been accused by a whistleblower of inflating its revenue for years in the parks-and-resorts division, according to a report from MarketWatch on Monday.

As recently as June, former Disney financial analyst Sandra Kuba filed a complaint with the Securities and Exchange Commission claiming that the company has inflated its revenue by as much as $6 billion in the 2008-2009 fiscal year alone.

Disney has called Kuba’s accusations “utterly baseless.”

Kuba told MarketWatch that practices by employees working in the parks-and-resorts division took advantage of weaknesses in the company’s accounting software.

In it’s 2009 annual filing with the SEC, Disney’s parks and resort division reported revenue of $10.7 billion.

Also Read: Disney Q3 Earnings, Revenue Fall Shy of Wall Street Expectations

Kuba first noticed the revenue recognition and reported it to Disney management in 2013, according to MarketWatch. She told the financial news website that she has filed a
See full article at The Wrap »

Toy Story 4: 10 Things That Don’t Make Sense

Toy Story 4 released in June 2019 to positive reviews. It was a really good movie, but, there were aspects of it that didn’t make sense, especially when viewed as a part of the Toy Story franchise and not just as an individual entity. We’re here to look at everything that could have been explained better or changed in the latest film.

Related: 10 Questions Forky Could Ask in Disney Plus Forky Asks A Question

Yes, we’re going to be super critical, but our criticisms don’t change how great the movie actually is; we’re just having a little fun here. Warning: spoilers abound, so if you haven't seen Toy Story 4 yet, go watch it! With that being said, here are 10 things in the fourth film that don’t make sense.
See full article at Screen Rant »

With ‘Good Boys,’ Universal Keeps Beating Box Office Slump for Comedy

  • The Wrap
With ‘Good Boys,’ Universal Keeps Beating Box Office Slump for Comedy
Good Boys” was quite a surprise for box office analysts this weekend. Riding off of strong reviews and audience word of mouth, Universal’s raunchy comedy about a group of sixth graders wading into the world of girls and hormones has earned a $21 million opening this weekend, nearly double the $11 million opening set by independent projections prior to release.

“It seems that Universal has cracked the comedy code and thus has been somewhat immune to the movie comedy curse by releasing a steady lineup of original and appealing comedies that have bucked the trend of audience indifference,” comScore’s Paul Dergarabedian told TheWrap.

It’s a win for comedy movies at a time when such success is becoming increasingly rare for the genre. But while other studios have contributed those occasional hits in the last three years — Warner Bros.’ “Game Night” and Lionsgate’s “Madea” series come to mind — the
See full article at The Wrap »

Are audiences on an Avengers come down right now?

Tom Jolliffe looks at the post Avengers come down…

Every year brings about the big event movies. Some years are more blessed than others of course, and it seemed for a number of years between The Lord of the Rings ending, and Marvel kicking into full go (along with the return of Star Wars) that there weren’t too many that particularly got us hugely inspired aside from that one about the blue Aliens of course.

The difficulty some years is there is a tentpole split. You’ve got your summer biggies and your Christmas event films. So what happens if you’ve blown your hype wad in May? Last year and this year we’ve had two huge Avengers films. Avengers: Infinity War came out and blew away the competition. What it also did was leave audiences champing at the bit for the follow up. With Avengers: Endgame now been and gone,
See full article at Flickeringmyth »

‘Spider-Man: Far From Home’ to Pass $1.1 Billion Global Gross, Becomes Sony’s Top Box Office Hit

  • The Wrap
‘Spider-Man: Far From Home’ to Pass $1.1 Billion Global Gross, Becomes Sony’s Top Box Office Hit
While “Spider-Man: Far From Home” has fallen out of the Top 10 on the domestic box office charts, it is still a big weekend for the Marvel Cinematic Universe film, as it will pass the 2012 James Bond movie “Skyfall” as Sony Pictures’ highest grossing film in studio history with over $1.1 billion grossed.

Released two months after “Avengers: Endgame” ended the McU as fans knew it, “Far From Home” served as a palette cleanser and a taste of what Marvel Studios had in store for the next phase of the story. And moviegoers worldwide were ready for more Marvel, as the film earned $111 million from China, Japan and Hong Kong in late June before opening in the U.S. ahead of the 4th of July holiday and earning a $185 million six-day launch. That included a Tuesday box office record $39.3 million, as well as a $25.7 million July 4 total that ranked second-highest on the
See full article at The Wrap »

‘Good Boys’ Surprises Box Office With Best Original Comedy Opening of 2019

  • The Wrap
‘Good Boys’ Surprises Box Office With Best Original Comedy Opening of 2019
A great August for Universal continues this weekend with the release of “Good Boys,” an R-rated comedy that is surprising at the box office with an estimated $20.8 million opening from 3,204 screens. That will make the Seth Rogen-produced raunchfest the first R-rated comedy to top the charts since “The Boss” in April 2016.

On Friday, “Good Boys” earned $8.3 million and did well with audiences, earning a B+ on CinemaScore to go with its 79% Rotten Tomatoes score from critics. The film had been projected for a modest $11-12 million opening this weekend, but will now continue Universal’s streak of comedies like “Night School,” “Girls Trip” and “Blockers” as solid, mid-budget successes at a time when so many adult comedies have failed to take off in theaters.

Also Read: 'Toy Story 4' Crosses $1 Billion, Fifth Disney Film to Hit Global Box Office Landmark in 2019

Universal will take their third straight No.
See full article at The Wrap »

Amy Ephron’s ‘The Other Side of the Wall’ Book Getting Film Treatment

  • Deadline
Amy Ephron’s ‘The Other Side of the Wall’ Book Getting Film Treatment
Exclusive: Internationally bestselling author Amy Ephron is turning her soon-to-be-released book, The Other Side of the Wall, into a live-action feature film. Ephron has teamed with Oscar-nominated Toy Story screenwriter Alec Sokolow to adapt the screenplay. Ephron and Sokolow will also produce the pic with Nice Media Studios’ Sam Sokolow, the two-time Emmy nominated executive producer of the National Geographic series, Genius.

The Other Side of the Wall, set to be released October 15 via Philomel Books, is the third book in Ephron’s The Other Side series following The Castle in the Mist and Carnival Magic. Set in London at Christmastime, the story follows the adventures of Tess and her younger brother Max, as they navigate magical hidden worlds around England.

“It feels like a present to me,” said Ephron, “to work with the multi-talented, insightful Alec Sokolow and the razor-sharp, distinguished Sam Sokolow on a live-action version of Tess and Max’s story.
See full article at Deadline »

Toy Story 4 is the fifth Disney movie to pass $1 billion this year

The Walt Disney Company’s incredible year at the box office just keeps on delivering, with Pixar’s Toy Story 4 passing the $1 billion mark at the global box office, the fifth Disney-distributed movie to reach that milestone in 2019.

By close of play on Wednesday, Toy Story 4 had earned $421.8 million in North America and a further $579.9 million internationally for $1.002 billion, which makes it the eighth-biggest animated movie of all time, and the second-highest grossing instalment in the Toy Story franchise behind 2010’s Toy Story 3 on $1.067 billion.

Disney has been smashing box office records left, right and centre this year. Last month, not only did Avengers: Endgame dethrone Avatar as the biggest film in history, but Disney also set a new all-time yearly studio record, thanks in no small part to the aforementioned superhero epic along with the likes of Captain Marvel, Aladdin and The Lion King.

No
See full article at Flickeringmyth »

‘Toy Story 4’ Crosses $1 Billion, Fifth Disney Film to Hit Global Box Office Landmark in 2019

‘Toy Story 4’ Crosses $1 Billion, Fifth Disney Film to Hit Global Box Office Landmark in 2019
Disney has its fifth billion dollar movie of the year, as “Toy Story 4” crossed $1 billion at the global box office on Wednesday night since debuting on June 20.

It has earned $421.8 million domestically and is the fifth-highest grossing film domestically of all time. This year alone, Disney boasts “Avengers: Endgame,” “The Lion King,” “Captain Marvel” and “Aladdin” as other films that have soared to infinity and beyond past the billion dollar landmark.

Toy Story 4” is also the fourth Pixar film to achieve the feat, joining “Incredibles 2,” “Finding Dory” and its predecessor, 2010’s “Toy Story 3” on the list.

Internationally, the animated sequel is still set to debut in Germany and in Scandinavia, but it’s already become the second highest UK animated release with a gross of $75 million, and it
See full article at The Wrap »

Here's what Pinocchio would be as a horror film, as if a reanimated doll wasn't scary enough

  • The AV Club
Pinocchio could easily be creepy as hell. A childless woodworker makes a puppet and wishes he were real, only to wake up and see that that doll had become animated. Can you imagine a real-life Toy Story situation? You’d run out of the house like Sid did. Roberto Benigni’s adaptation was creepy enough, but what if you…
See full article at The AV Club »

‘WWE Summerslam 2019′ PPV Review

  • Nerdly
Welcome to this review of SummerSlam 2019, right here on Nerdly. I’m Nathan Favel and this is, on paper, one of the best cards Vince McMahon has ever promoted, at least from a work-rate perspective. A lot of this card is a bit dull in relevancy, but it’s quality wrestling that we’ve got slated for the show, so that’s some-thing to celebrate all by itself. Okay, it’s time to review this hunka-hunka burnin’ love.

Match #1: Drew Gulak def. Oney Lorcan – WWE Cruiserweight Championship Match The following is courtesy of wwe.com:

WWE Cruiserweight Champion Drew Gulak proved to be the better competitor in a fast-paced and hard-hitting title showdown against Oney Lorcan at SummerSlam. At the toll of the opening bell, Gulak charged forward and took control before leveling Lorcan with a dropkick. Looking to keep his challenger subdued, Gulak took Lorcan down to the
See full article at Nerdly »

The Biggest Movie Releases Of 2019

2019 has been a remarkable year for film, with many looking at record-breaking numbers. This does not come as a surprise as a number of films were well supported for success by punters using sports betting codes at the start of the year. Here we cover the biggest movie releases of 2019.

Toy Story 4 – Out Now

Starring Tom Hanks, Tim Allen, Tony Hale and Keanu Reeves to name just a few. This was the fourth instalment in Pixar’s Toy Story series and the sequel to 2010’s Toy Story 3. The movie was directed by Josh Cooley and has been in major success. The film has grossed over $990 million worldwide, which meant it became the sixth highest grossing movie of the year and ninth highest grossing animated film of all time.

Yesterday – Out Now

This romantic comedy film was directed by Danny Boyle and written by Richard Curtis. It was based
See full article at The Hollywood News »

‘I Totally Went Off’: How Randy Newman Ended Up on a Chance the Rapper Song

‘I Totally Went Off’: How Randy Newman Ended Up on a Chance the Rapper Song
It’s been a while since Randy Newman has been on the charts. But with his spoken-word cameo on “5 Year Plan,” a tender highlight from Chance the Rapper’s new album, The Big Day, the 75 year-old singer-songwriter has suddenly found himself brushing with the pop mainstream for non-film soundtrack work for the first time in 42 years, when songwriter scored a Number Two hit with “Short People.”

“My 15 seconds, or whatever the hell it was,” the songwriter says of his appearance on The Big Day.

The Chance the Rapper collaboration is
See full article at Rolling Stone »

Star Wars Merchandise Sales Keep On Dropping For Disney

While a lot of attention is being placed squarely on The Rise of Skywalker right now – even though we still don’t know a whole lot about it – there are still plenty of developments taking place outside of the realm of movies. At least three Star Wars TV shows are in the works for Disney Plus, and there’s an entire series of comic books that are being put out on a regular schedule.

Unfortunately, however, even though the franchise is keeping busy, it looks like it hasn’t been enough to drive sales of merchandise. As Cosmic Book News reports, Disney recently revealed (through their third-quarter earnings report) that there’s been a decrease in Star Wars merchandise.

Interestingly, last year, the company reported that revenue for the Consumer Products division had dropped 4 percent from 2017, and was down over 15 percent from 2016 – these include merch and sales from Marvel Comics as well.
See full article at We Got This Covered »

Disney Misses Q3 Earnings Estimates, Sending Stock Lower After Hours – Update

Updated with more executive commentary. Disney reported third-quarter results significantly short of Wall Street analysts’ estimates on Tuesday, sending shares in the media giant sharply lower in after-hours trading.

Earnings per share came in at $1.35, which was below the $1.74 expected by the Street. Total revenue of $20.2 billion undershot the consensus estimate for $21.4 billion.

Shares in Disney declined 4% in after-hours trading after they finished the regular session at $141.95, up nearly 3% for the day. Disney stock has risen nearly 31% in 2019 to date as the company has delivered strong results and also convincingly positioned itself as a legitimate streaming rival to Netflix. In addition to Disney+, which will launch November 12, the company struck a deal with Comcast in May to take operational control of Hulu.

Disney blamed the bumpy quarter on its ongoing integration of 21st Century Fox assets acquired in a $71.3 billion deal that closed in March. Kicking off a conference call with analysts,
See full article at Deadline »

To Infinity and Beyond: Can Disney Become the First $10 Billion Studio?

  • The Wrap
Disney made history when — a little more than halfway through the year — the studio broke its own annual global box office record by raking in roughly $8 billion to date. It’s unprecedented, but the Mouse House is only getting started. The studio has ridden a wave of incredibly successful releases in 2019 with “Captain Marvel,” “Avengers: Endgame,” “Aladdin,” and “The Lion King” all crossing the $1 billion mark globally. “The Lion King” and “Toy Story” continue to rake in box office receipts, both finishing in the top five films at the box office this past weekend — and there’s more coming. Every penny Disney earns at the box office now is a new global record, but with the highly anticipated “Frozen 2” and the final installment in the most recent “Star Wars” trilogy on the horizon, experts say it’s possible the studio could have a $10 billion year. Also Read: Disney Has Already
See full article at The Wrap »

10 Things You Probably Didn’t Know About Toy Story 2

After Toy Story became the highest-grossing film of 1995, it was clear that Disney and Pixar would try to make a sequel to the first-ever feature-length computer-animated film. Toy Story 2 was released during November 1999 and brought back all of the favorite toys from the first movie.

Related: Toy Story: 10 Facts Every Disney Fan Needs To Know

Toy Story 2 was yet another commercial and critical success for Disney/Pixar and even came in third for the highest-grossing film of the year (behind The Sixth Sense and Star Wars: Episode I- The Phantom Menace). This year marked the 20th Anniversary of Toy Story 2, but there are some things about the movie that may still surprise you. Here are 10 Things You Probably Didn’t Know About Toy Story 2.
See full article at Screen Rant »

‘The Lion King’ holds off ‘Fast & Furious: Hobbs & Shaw’ at UK weekend box office

‘The Lion King’ holds off ‘Fast & Furious: Hobbs & Shaw’ at UK weekend box office
Fast & Furious: Hobbs & Shaw’ posts middling opening for the franchise.

Today’s Gbp to Usd conversion rate: 1.22

RankFilm (Distributor)Three-day gross (Aug 2-4)Total gross to date Week 1 The Lion King (Disney) £5.2m £50.7m 3 2 Fast & Furious: Hobbs & Shaw (Universal) £4.9m £6.4m 1 3 Toy Story 4 (Disney) £1.4m £55.4m 7 4 Spider-Man: Far From Home (Sony Pictures) £853,000 £32.9m 5 5 Angry Birds 2 (Sony Pictures) £700,000 £700,000 1 Disney

The Lion King was down 52% this weekend, adding £5.2m for a cume of £50.7m to date. The film remained top of the weekend chart, though Universal’s Hobbs & Shaw took more including previews.

The Lion King has become
See full article at ScreenDaily »

Can Hobbs & Shaw Finally Dethrone The Lion King at This Weekend's Box Office?

For the past couple of weeks, it's been all about Disney's The Lion King at the box office. Last weekend, it took the domestic crown for the second week in a row by bringing in $76.6 million. However, Simba's reign at the top is almost certainly over, thanks to what The Rock is cooking. Dwayne Johnson's Hobbs & Shaw is the only major release arriving in theaters this weekend and it's looking like the Fast & Furious spin-off is going to have more than enough gas in the tank to take the top spot. Elsewhere, A24 is expanding indie hit The Farewell.

Hobbs & Shaw, which sees Dwayne Johnson reprising his role as Luke Hobbs, who we first met in Fast Five, alongside Jason Statham's Deckard Shaw, are teaming up to take down a bad guy played by Idris Elba. The spin-off, directed by David Leitch (Deadpool 2), is expected
See full article at MovieWeb »

Keanu Reeves To Play The Villain In Hobbs & Shaw Sequel

2019 has already seen him headline another John Wick, board a treasured franchise like Toy Story, and show up for a hilarious cameo appearance in Netflix’s Always Be My Maybe, but Keanu Reeves still has big things on the horizon, with the actor now set to play the villain in the yet to be announced sequel to Hobbs & Shaw.

The absence of a proper Fast and Furious film has left a car-shaped hole in cinemas this summer, but the upcoming spinoff looks set to provide enough action and thrills to satisfy fans’ appetites. And though rumors earlier this year pointed to Reeves showing up in the post-credits scene as the movie’s secret villain, it seems that he’s now been cut and will instead appear in the sequel.

How exactly he’ll factor into things remains unclear, but according to our sources – the same ones who told us that
See full article at We Got This Covered »
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