The media and leisure big warned that it may even be compelled to scrap its dividend sooner or later, and cut back or not make a contribution to pension and retirement medical plans. It stated it may slash funding in tv and movie productions, and furlough or terminate much more staff.
Abigail Disney has publicly backed the Democratic senator within the dispute.
Disney swung to a lack of $2.eight billion for the 12 months to September 30, marking a pointy reversal from the earlier 12 months, when the corporate posted a $10.Four billion revenue.
— Frank Pallotta contributed to this text.