Disney, which owns ABC, the network that covered up the Epstein child sex ring scandal, is facing a massive financial hit at their Hong Kong location due to the ongoing protests from citizens fighting against China’s communist rule.
It’s hard to feel sorry for Disney, isn’t it?
Especially when we recently discovered that the Disney Cruise line offered excursion trips to Jeffrey Epstein’s “pedophile island.” You can read that disturbing story right here.
Not to mention, just the other day in Florida a “child pornography sting” entrapped 17 people, including 2 Disney employees.
Pelosi Gets Roasted: Nancy Pelosi Posts ‘Urgent’ Impeachment Poll and it Quickly Backfires LOL
We covered that story yesterday, and you can read that story here.
But the real disturbing kicker is the Disney VP who was convicted of sexually assaulting a child and sentenced to prison.
Michael Laney was convicted on four counts of first-degree sexual abuse of a 7-year-old child and was sentenced to (only) 81 months in prison.
You can watch a video on Mr. Laney below:
So, the question is – what the hell is going on over at Disney?
Disney expects the park’s income to fall by $80 million in its next quarter, and if the ongoing unrest continues it could see a $275 million decline for the year.
Disney on Thursday told investors that the protests in Hong Kong have led to a “significant decrease” in tourism in the region, forcing the company to significantly revise its projections for Hong Kong Disneyland.
Disney CFO Christine McCarthy told analysts on a quarterly earnings call that the company expects Hong Kong Disneyland income to fall by $80 million in its next quarter, and if the ongoing unrest continues, the park could see a $275 million decline for the year.
Hong Kong Disneyland income fell by $55 million in the last quarter as the protests escalated.
The pro-democracy protests in Hong Kong began in the spring and became much larger over the summer. The demonstrations started in protest of a proposed bill that would have allowed Hong Kong residents and visitors to be extradited to mainland China for trial. The controversial bill was withdrawn last month, but the government has held firm on other pro-democracy demands from protestors. [Hollywood Reporter]
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