After many long years of making movies, memories and magic, the long lived franchise will be slowly coming to a close as of July 19 at 10:00 AM. The report was just realeases to the public.
After a few movie busts in late 2016, and early 2017, the infamous franchise Disney, will be slowly closed for good after poor investments, tax evasion, and embezzlement. Disney has always been good at making a profit, even with a film flop, but they have been slowly declining as recent movies haven’t done so good in the theatres. They have lost an estimated 1.6 billion dollars to these poor reviews. Not only that, but Disney has invested more than they can chew in new upcoming movies. With newer expensive movies such as “Cruela”, a live action “Lion King”, “Return of Mary Poppins” and a already realeased cast for a live action “Alladin”. The industry was thinking with their eyes and not their wallet.
“We were just thinking of the kids” said Disney CEO Bob Iger in late June.
“We knew some of our less popular movies didn’t do too good, but we were hoping that our upcoming realeases would help return the money lost. Turns out our budget thought differently.” Finished Iger.
Not only is the Franchise closing due to poor distribution of cash, but also fraud. And lots of it.
In early June, several employees began to file complaints to management about, ‘lower and lower paychecks’ and ‘insufficient answers’ to their questions. Management at Disney swept thisball under the rug. However, this situation went main stream when a Disney Board of Director, Monica C. Lozano noticed her pay was significantly dropped.
“It was strange for such a dramatic paycut, with out zero warning, for someone in such a high chair of Disney’s offices.” Said Lozano.
She filed a complaint to the FBI with suspicions of Tax Fraud. Turns out, her suspicions were correct. CEO Bob Iger had been stealing money and evading taxes since late December of 2016.
Lead investigator for the case, David Banks, released The finalized report this morning at 10:00 AM about how the Disney CEO is under fire for tax evasion and embezzlement.
“Iger didn’t do a good job at hiding the stolen funds.” Said Banks. “The only reason it took so long is because no one had brought it to our attention.”
As for the future of Disney Films and it’s parks is unclear. Most likely, their future films and studios will be auctioned off to other film industries, and the park will be demolished or also sold.
“It’s a shame” said Banks “that such a beautiful thing like Disney that brought so much joy to kids had to be shut down for good because one man was selfish enough to steal. Just proof that crimes can hurt others”.
Kelli Grades, Channel 23 News, July 19 2017, 10:26 am
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