Disney is facing new heat, not from fans but from its own investors. A coalition of shareholders, including the American Federation of Teachers and Reporters Without Borders, has officially demanded access to Disney’s internal records surrounding the suspension of Jimmy Kimmel Live! days ago.
In their letter, shareholders accuse the company of possibly ignoring its responsibility to prioritize profits, suggesting the decision may have been driven by political pressure instead of business interests. That type of move, they argue, could violate Disney’s fiduciary duties to its investors.
At this point, no lawsuit has been filed, but this isn’t just noise. Under Delaware law, shareholders can legally demand company records to investigate misconduct. If Disney refuses to cooperate within five business days, the investors have already threatened to take the next step, which means the court could be around the corner.
The fallout highlights the growing tension between Disney’s public image, political controversies, and its bottom line. For shareholders, the suspension wasn’t just about a late-night host; it was about protecting their money.
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