Disney has experienced a significant financial setback, reportedly losing approximately $3.87 billion in market value overnight.
This decline follows the company's decision to suspend late-night host Jimmy Kimmel's show, "Jimmy Kimmel Live!", which has sparked widespread public backlash and calls for boycotts. The suspension is believed to have been influenced by pressure from the Trump administration and conservative media outlets.
The market reaction was swift, with Disney's stock price dropping by more than 2%, translating to a nearly $4 billion decrease in the company's market capitalisation. This substantial loss underscores the significant impact that public relations decisions can have on a company's financial standing.
In response to the growing controversy, former Disney CEO Michael Eisner publicly criticised the company's leadership for yielding to political pressures, particularly in suspending Kimmel's show. Eisner emphasised the importance of free speech and questioned the current direction of Disney's corporate governance.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 3rd of February, covering the latest developments you need to ...
Russian forces have resumed attacks on Ukraine's capital Kyiv, as well as its second largest city Kharkiv and other cities early on Tuesday (3 Februar...
China and Uruguay should should work together to advance an "equal and orderly multipolar world", President Xi Jinping told his counterpart Yamandu Or...
Israel reopened the Rafah crossing on Monday (2 February) to a trickle of Palestinians for the first time in months, a major step in a U.S.-backed pl...
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pe...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 3rd of February, covering the latest developments you need to know.
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pezeshkian posted on X on Tuesday (3 February).
Elon Musk’s rocket company SpaceX has acquired his artificial intelligence firm xAI, as the billionaire moves to bring more of his technology businesses under one structure.
Ukraine’s negotiating team is heading to the United Arab Emirates for a second round of trilateral peace talks with Russia and the U.S., President Volodymyr Zelenskyy said late Monday.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Dmitry Medvedev, said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
Heavy snow continued to batter northern and western Japan on Saturday (31 January) leaving cities buried under record levels of snowfall and prompting warnings from authorities. Aomori city in northern Japan recorded 167 centimetres of snow by Friday - the highest January total since 1945.
A daylight robbery at a jewellery shop in Richmond, one of London’s most affluent and traditionally quiet districts, has heightened security concerns among residents and local businesses.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 3rd of February, covering the latest developments you need to know.
Russian forces have resumed attacks on Ukraine's capital Kyiv, as well as its second largest city Kharkiv and other cities early on Tuesday (3 February), officials said, triggering fires and dealing new blows to energy infrastructure.
China and Uruguay should should work together to advance an "equal and orderly multipolar world", President Xi Jinping told his counterpart Yamandu Orsi on Tuesday (3 February).
India says it's going to stop buying Russian oil and lower trade barriers after U.S. President Donald Trump announced a trade deal with India on Monday (2 February) that cuts American tariffs on Indian goods to 18% from 50%.
Ukraine is creating a white list for Starlink terminals to ensure only verified devices stay active, after officials warned that Russian forces were attempting to use the network during the Ukraine conflict.
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