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Disney CEO tells staff “I am Sorry” over “Don’t say gay bill” response

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The under pressure Disney CEO is now backtracking and saying sorry after earlier sitting on the fence when it came to Florida’s contentious “Don’t Say Gay” bill.

“You needed me to be a stronger ally in the fight for equal rights and I let you down. I am sorry,”

disney ceo Bob Chapek

Walt Disney Co. CEO Bob Chapek apologised to employees for the company’s handling of Florida’s so-called “Don’t Say Gay” bill.

Disney will now pause all political donations in the state.

Chapek also said that the company will be “increasing our support for advocacy groups to combat similar legislation in other states.”

“Thank you to all who have reached out to me sharing your pain, frustration and sadness over the company’s response to the Florida ‘Don’t Say Gay’ bill.”

disney ceo Bob Chapek

“Speaking to you, reading your messages, and meeting with you have helped me better understand how painful our silence was. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights. You needed me to be a stronger ally in the fight for equal rights and I let you down. I am sorry.”

“I missed the mark in this case but am an ally you can count on — and I will be an outspoken champion for the protections, visibility and opportunity you deserve,” Chapek added.

The company received pushback from employees over its (lack of) response, with staff in the TV animation and distribution writing letters to management about the issue.

The Animation Guild, which represents many Disney employees, voiced its anger over the issue.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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