Disney announces it will just burn $200 million rather than produce its next film
November 7, 2023
![](http://newzy.com/wp-content/uploads/2023/11/Screen-Shot-2023-11-07-at-12.36.57-AM.png)
Bob Iger held a press conference where he disclosed that Disney has decided to simply burn $200 million in order to avoid the lengthy process of losing the money producing another failed movie. The announcement produced a 3% bounce in Disney’s stock with investors curious to see if this strategy could limit losses for the distressed company.
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