Entertainment

Disney Sued by Investors Again Over 'Fraudulent’ Streaming Costs

‘STAGGERING COSTS’

Investors allege they were purposefully deceived by statements from former chief executive Bob Chapek, who promised profitability by 2024.

Isabella Ramirez
Isabella Ramirez 

Breaking News Intern

A picture of a Disney+ logo on Chromecast menu displayed on a TV screen. Disney is once again facing another lawsuit accusing the media giant of misleading investors by engaging in “a fraudulent scheme designed to hide the extent of Disney+ losses.”
Jakub Porzycki/NurPhoto via Getty Images
Isabella Ramirez

Isabella Ramirez

Breaking News Intern

isabellasrmrz

isabella.ramirez@thedailybeast.com

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