Hollywood financiers are investing in the local contender this presidential election season, donating far and away the most money to California Senator Kamala Harris’ campaign out of all the Democratic candidates. Harris has received a whopping 48% of all candidate donations from Hollywood since beginning her campaign, making it clear who movie industry players want to see in the White House in 2021.
Disney CEO Bob Iger has weighed in on Georgia’s “Heartbeat Bill,” threatening to pull the company’s film productions from the state if Governor Kemp’s Bill goes into law. It just goes to show that no matter how many theme parks Disney creates or beloved childhood franchises it churns out, its true calling is maximizing stock price, innocent babies be damned. Oh, the irony!
Variety reported on Monday about Disney chairman and CEO Bob Iger hosting a fundraiser next week for six vulnerable Democrat senators. Although the story did point out the irony of Disney pushing for the tax cuts that every one of the senators voted against, it skipped the more controversial detail that the senators would be receiving money from a fundraiser hosted by an executive who pushed for replacing American Disney employees with H1B visa foreign workers.
On Tuesday, Verizon announced that it would grant 153,000 of its 155,000 employees a bonus in the form of 50 shares of restricted stock (approximate value: $2,650), while Disney announced $1,000 bonuses for 125,000 of its cast members. Verizon also announced a significant increase in donations ($200-$300 million over the next two years) to its STEM education philanthropic effort, while Disney is "making a $50 million initial investment" (plus $25 million per year in future years) to help 88,000 employees cover college tuition costs. CNN Money's coverage of these developments still refused to fully acknowledge how unprecedentedly good the past five weeks' tax cut-driven news has been.
As previously stated, Walt Disney Company CEO Bob Iger has been wanting to help Donald Trump as much as possible, despite its ABC arm attacking Trump and his supporters. ABC chief Ben Sherwood is doing all he can to destroy Trump and his administration at all costs. That would be a major internal conflict at one of the largest media and entertainment conglomerates in the country.
Liberal bias in journalism is not just bad for the profession as an abstract concept, it's bad for the bottom line of media companies and their shareholders. That was the argument of one Justin Danhof of the conservative National Center for Public Policy Research (NCPPR) when he attended a Disney shareholders meeting and confronted the entertainment company's CEO Bob Iger about liberal bias at the news division of ABC. "Liberal bias pervades Disney's media outlets" and "it's time to stop denying this bias and start doing something about it," Danhof argued, having cited former ESPN analyst Rob Parker's "cornball brother" crack about black quarterback and alleged Republican Robert Griffin III and ABC News's Brian Ross's infamous episode in which he hinted that Auroroa, Colorado theater shooter James Holmes might be a Tea Party member.
Danhof argued that Disney executives need to take seriously NCPPR's concerns and the concerns of other conservatives who happen to own Disney stock. Danhof appealed not so much to Iger's sense of journalistic integrity but rather the bottom line: Putting out a fairer, more balanced news product may help ABC attract more conservative viewers, and with them, higher ratings and more customers buying products from ABC News program sponsors, leading of course to higher profit margins for Disney. [h/t Huffington Post; Danhof's statement embedded below the page break]