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.
China says it is ready to develop its relationship with North Korea to strengthen strategic cooperation in international and regional affairs, North K...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 12 October, covering the latest developments you need to know....
The imposing figures of three Confederate leaders, carved into the granite face of Georgia’s Stone Mountain, have loomed over the landscape outside ...
Europe must strengthen its own digital infrastructure to lessen reliance on U.S. providers, though this should not mean cutting ties with them entirel...
U.S. Ambassador to India Sergio Gor said he held talks with Indian Prime Minister Narendra Modi, focusing on key bilateral issues including trade, def...
The imposing figures of three Confederate leaders, carved into the granite face of Georgia’s Stone Mountain, have loomed over the landscape outside Atlanta since the 1970s, a silent tribute to the Southern cause in the U.S. Civil War.
Europe must strengthen its own digital infrastructure to lessen reliance on U.S. providers, though this should not mean cutting ties with them entirely, Germany’s Digital Minister Karsten Wildberger told Reuters.
U.S. Ambassador to India Sergio Gor said he held talks with Indian Prime Minister Narendra Modi, focusing on key bilateral issues including trade, defence, and technology.
On Monday, Egypt will host an international peace summit in the Red Sea city of Sharm el-Sheikh, co-chaired by Egyptian President Abdel Fattah al-Sisi and U.S. President Donald Trump.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
China says it is ready to develop its relationship with North Korea to strengthen strategic cooperation in international and regional affairs, North Korea's state media KCNA reported.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 12 October, covering the latest developments you need to know.
The imposing figures of three Confederate leaders, carved into the granite face of Georgia’s Stone Mountain, have loomed over the landscape outside Atlanta since the 1970s, a silent tribute to the Southern cause in the U.S. Civil War.
Europe must strengthen its own digital infrastructure to lessen reliance on U.S. providers, though this should not mean cutting ties with them entirely, Germany’s Digital Minister Karsten Wildberger told Reuters.
U.S. Ambassador to India Sergio Gor said he held talks with Indian Prime Minister Narendra Modi, focusing on key bilateral issues including trade, defence, and technology.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment