Entertainment & Sports
Aug. 17, 2023
Film funder accuses Disney and Fox of ‘Hollywood accounting’
TSG Entertainment Finance LLC says in a lawsuit that Fox and Disney boosted the value of their affiliated streaming platforms, depriving the investment company of cash needed to fund future films.
A film finance company that says it bankrolled over 140 Disney and 21st Century Fox hits alleges that the entertainment giant used “Hollywood accounting” to withhold hundreds of millions in revenues.
The complaint filed in Los Angeles County Superior Court on Tuesday centers on changes that Fox, acquired by Disney in 2017, made to its film distribution as it sought to beef up its streaming platforms.
Those chang...
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