Disney’s Q3 Earnings Report Reveals $65M “Legal Ruling” Charge

Category: Business

Disney's Q3 earnings report shows its streaming services are profitable, but legal costs remain high, with a $65 million charge related to a legal ruling. The company previously recorded a $101 million charge in the prior year. Ongoing legal disputes, including a settlement with TSG Entertainment Finance, raise questions about the nature of these costs. The report highlights the impact of legal expenses on corporate earnings, particularly in the media industry.

Keywords: Disney, Earnings Report, Legal Costs

Source: Deadline

Update At: 8/7/2024

Related Sources

Elon Musk says he's moving SpaceX, X headquarters from California to Texas

Billionaire Elon Musk is relocating the headquarters of SpaceX and X to Texas from California due to a new law and tax benefits. Tesla, where Musk is CEO, already moved its headquarters to Austin in 2021.

ABC News

Elon Musk announces SpaceX HQ is moving to Texas; X headquarters moving to Austin

Elon Musk announced the relocation of SpaceX's and X's headquarters from California to Texas due to frustrations over public school policy. Musk criticized California's SAFETY Act and its limitations on schools regarding gender identity notifications. The move to Texas aligns with Musk's interest in the state and its business-friendly environment.

Austin American-Statesman

Who was Sergio Pino, the millionaire property developer found dead in his home?

Sergio Pino, a prominent developer in South Florida, was found dead by suicide amid an FBI investigation into criminal allegations in his divorce battle. He founded Century Homebuilders Group, LLC, the largest Hispanic-owned homebuilder in the nation, and was involved in various community organizations.

NBC 6 South Florida

Fed up with California, Elon Musk says X will relocate headquarters to Austin

X and SpaceX are relocating from San Francisco to Austin, Texas, following a new law signed by California Gov. Gavin Newsom. Elon Musk expressed concerns about laws impacting families and companies, prompting the move of both companies.

KUT

SpaceX to move from Hawthorne to Texas, Elon Musk announces

SpaceX, the aerospace company founded by Elon Musk, is relocating its headquarters from Hawthorne, California, to Texas. The move is attributed to a new law in California and Musk's personal decisions. The impact on the local economy and workforce remains uncertain.

The Daily Breeze

Elon Musk says SpaceX and X headquarters moving to Texas, blames California trans student privacy law

Elon Musk announced the relocation of SpaceX and X headquarters from California to Texas in response to a new law. The move is influenced by concerns over laws affecting families and companies, including one related to transgender rights. Musk's daughter legally changed her name and gender in 2022. Musk endorsed Donald Trump and plans to support a pro-Trump super PAC. Trump's campaign video outlines proposals to roll back transgender rights.

CNBC

Elon Musk Says He’s Moving X and SpaceX Headquarters to Texas

Elon Musk announced the relocation of his business empire, including X and SpaceX, from California to Texas due to disagreements with California laws, particularly regarding transgender rights. Musk's move is seen as a significant shift that could impact California's budget and tech workforce. The decision was influenced by a new California law protecting transgender children's privacy, which Musk strongly opposes.

WIRED

Elon Musk Says He Will Move X and SpaceX Headquarters to Texas

Elon Musk announced the relocation of SpaceX and X headquarters from California to Texas due to disagreements with California's recent transgender legislation. The move is seen as a protest against the overregulation and social issues in California.

The New York Times

4 stocks to watch on Wednesday: JNJ, UAL and more

J.B. Hunt, a U.S. trucking firm, reported a Q2 miss with a 7% decrease in quarterly revenue to $2.93B. Sales in the intermodal segment dropped by 5%, and the integrated capacity solutions business experienced a 25% decline in load volume. Operating income decreased by 24% Y/Y due to lower revenue and increased expenses.

Seeking Alpha

What Elon Musk's Texas relocation plan for SpaceX, X HQs could mean for CA

Elon Musk announced plans to move the headquarters of X and SpaceX from California to Texas, citing reasons related to laws and safety concerns. The move is not expected to have a significant impact on California's economy.

ABC7 San Francisco