@snoozi:Disney in moral legal mess , During the Feb. 10 deposition, Simeone counsel Bellew blocked Disney questions about how Simeone’s lawyers are being paid. But in a Feb. 28 interrogatory response Disney cited in its last pre-trial brief, Simeone disclosed that Thomas More is paying Jonna’s legal fees, albeit at a discounted rate. (Delaware counsel Bellew is not receiving fees from Thomas More.) Thomas More will be paid back if the Delaware court ends up awarding fees to Simeone’s lawyers.Disney has said in its briefs that it respects the rights of Simeone’s lawyers “to hold and pursue their own religious, political and cultural views” and has only highlighted their affiliations to show that Thomas More and the lawyers are driving the case.But I’m sure the company is not looking forward being a
@zippiee:$AMC院線(AMC)$ AMC is a basket case because it is run by an acquisition-obsessed playboy who is used to burning through other people's money. Dalian Wanda wanted Adam Aron precisely because he had the brains to accumulate. But AMC has been losing money for years, long before the pandemic, which is why it's struggling now. The movie industry is already recovering, and consolidation will come when people realise that every streaming service costs few times as much. The days of cheap money are over, profitability is back, and neither the studios nor AMCs can pretend otherwise for long.
@deal2deal:$Alibaba(BABA)$ focuses mainly on Chinese online retail, where overall online penetration rates are lower than in the West, China’s larger population means that Alibaba can rely on a domestic customer base close to 800 million strong, more than all of Europe. Alibaba’s strong domestic customer base, and its ability to delivery virtually any product to any buyer in China, gives the company a solid foundation to stand on – and as a result, earnings have been rising for several quarters now. The company reported a top line of US$29.12 billion in the last reported quarter (fiscal 2Q23, corresponding to calendar 3Q22), for a modest 3% y/y gain. Income from operations, at US$3.5 billion, showed a far stronger jump, of 68%