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.
Iran does not seek war with Israel or the United States but is prepared to respond if attacked, Iranian Foreign Minister Abbas Araghchi said on Thursd...
Russian drone and missile attacks on Kyiv early on Friday (9 January) killed at least 4 people, injured at least 19, and caused significant damage to ...
Syrian President Ahmad al‑Sharaa held separate telephone discussions with French President Emmanuel Macron and Turkish President Recep Tayyip Erdoğ...
Venezuela has released prominent Venezuelan-Spanish rights activist Rocío San Miguel and four other Spanish citizens, Spanish authorities said on Thu...
Türkiye’s United Nations envoy called on the international community on Thursday to maintain strong support for the elimination of Syria’s remain...
Russian drone and missile attacks on Kyiv early on Friday (9 January) killed at least 4 people, injured at least 19, and caused significant damage to residential buildings and critical infrastructure, Ukrainian officials said.
Syrian President Ahmad al‑Sharaa held separate telephone discussions with French President Emmanuel Macron and Turkish President Recep Tayyip Erdoğan on Friday (9 January), focusing on Syria’s internal security situation, reconstruction efforts and broader regional developments.
Venezuela has released prominent Venezuelan-Spanish rights activist Rocío San Miguel and four other Spanish citizens, Spanish authorities said on Thursday (8 January). Local rights groups report that promised releases of Venezuelan political prisoners are yet to materialise.
Türkiye’s United Nations envoy called on the international community on Thursday to maintain strong support for the elimination of Syria’s remaining chemical weapons, stressing that the task is both a legal obligation and a critical priority for regional security and humanitarian protection.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
U.S. President Donald Trump has warned that Iran could face a strong response from the United States if its authorities kill protesters amid ongoing unrest.
Russian drone and missile attacks on Kyiv early on Friday (9 January) killed at least 4 people, injured at least 19, and caused significant damage to residential buildings and critical infrastructure, Ukrainian officials said.
Venezuela has released prominent Venezuelan-Spanish rights activist Rocío San Miguel and four other Spanish citizens, Spanish authorities said on Thursday (8 January). Local rights groups report that promised releases of Venezuelan political prisoners are yet to materialise.
Türkiye’s United Nations envoy called on the international community on Thursday to maintain strong support for the elimination of Syria’s remaining chemical weapons, stressing that the task is both a legal obligation and a critical priority for regional security and humanitarian protection.
Georgia has said it will clarify the circumstances surrounding the U.S. seizure of a Russian‑flagged oil tanker in the North Atlantic and is seeking information on its Georgian crew members.
President Donald J. Trump has signed a Presidential Memorandum directing the withdrawal of the United States from 66 international organisations, including both non-United Nations entities and several UN-related bodies.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment