Reportedly, as per the court filing by Disney (DIS) its Marvel blockbuster “Black Widow” brought in $125 million in online revenue. The filing came three weeks after the film’s lead, Scarlett Johansson, sued Disney for lost residuals on July 29. Johannson claimed that Disney breached her contract, and she was cheated out of compensation when the media and entertainment conglomerate released the movie on the same day in theaters and its Disney+ streaming service. However, the company said there is no merit to the suit, and claimed that the actress stands to benefit from increased compensation in addition to the $20 million already paid. Disney+ subscribers paid an extra $30 for Premier Access to watch the movies.
Johansson’s lawyers said they attempted to renegotiate the actress’s deal, but Disney rebuffed, however Disney disputes these claims. Johansson requested a civil trial, but Disney asked for the suit to be settled through arbitration in New York. The lawsuit is been closely watched by industry experts, the outcome of which will be viewed as a lead for future streaming revenue-sharing agreements.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, and receive our FREE email updates throughout the week and view our exclusive content and research.