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 released to the public.
After a few movie busts in late 2016, and early 2017 the company lost over 1.6 billion dollars. And after investing way too much money in upcoming films, such as “Cruela”, a live action “Lion King”, and “The Return of Mary Poppins”, the film industry was thinking wit their eyes and not their wallet.
“We got a little caught up in making history in our newest realeases that the budget seemed to slip” said current CEO of Disney Bob Iger.
“We were hoping our company would be able to bounce back due to our reputation, but it seems the people don’t want us anymore.”
Now while movie flops may not seem like they can cause a long reigning franchise like Disney to collapse, it wasn’t only that.
In early June of 2017, the FBI began a tax evasion investigation, as well as a embezzlement investigation on Disney. When numbers were not adding up properly, and paychecks and salarys began to mysteriously disappear and fall, several employees, such as Board Director Monica C. Lozano, reported it to the FBI on such suspicions.
“I realized my pay significantly dropped in march, and I asked Mr. Iger why, and he said, it was due to ‘management cuts’.” Said Lozano.
The FBI immediately looked into this, and with careful investigation by lead detective Aaron Gates, the fraud was soon discovered and called out.
It didn’t take us long to figure out what Iger and Disney was doing. The only reason it hadn’t been brought up is cause no one reported it.” Said Gates to several news sources.
“Iger didn’t do a good job at hiding the missing funds, and that made our job easier.”
In the end, Disney will begin to slowly shut down and sell itself off. Movies already made will remain in Disneys name, but no further movies will be made. For example, the up coming films previously mention will be auctioned off to other movie business’s. As for the long lived Disney Parks, they will be closed until either they’re demolished or sold off. Bob Iger was arrested as long as several other Disney CEOs as of early the mornin of July 19.
David Banks, channel 23 news, July 19 2017 10:24am