Disney Stock Drops if ABC Cancels Jimmy Kimmel
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Mark Ruffalo Joins Chorus of Support for Jimmy Kimmel Amid ABC Dispute
The fallout from ABC’s decision to pull Jimmy Kimmel from the air continues to reverberate through Hollywood and Wall Street. Mark ruffalo, a prominent star within Disney’s Marvel Cinematic Universe, has publicly voiced his support for Kimmel, warning of potential consequences for the entertainment giant. This incident has ignited a debate about political influence over media and the potential financial ramifications for Disney.
The Timeline of Events
- May 1, 2024: Jimmy Kimmel delivers a monologue on “Jimmy Kimmel Live!” addressing Donald Trump’s hush money trial.
- May 2, 2024: ABC pre-empts the broadcast of “Jimmy Kimmel Live!” citing a “technical issue,” though widely believed to be a response to pressure following the monologue.
- May 3,2024: Reports emerge suggesting Disney’s stock dropped approximately 7% following the pre-emption.
- May 4, 2024: Wanda Sykes and other celebrities publicly express support for Kimmel and criticize ABC’s decision.
- May 5, 2024: Mark ruffalo posts on Threads, warning of further stock declines if Kimmel’s show is canceled, stating, “disney does not want to be the ones that broke America.”
- May 6 – Present: Ongoing negotiations between Disney and Kimmel regarding the show’s future.
The Stock Impact: A Closer Look
The reported 7% drop in Disney’s stock (DIS) following the pre-emption of “Jimmy Kimmel Live!” is a significant figure, though attributing it *solely* to this event is an oversimplification. Disney has faced broader market pressures and concerns about its streaming services. Though, the timing of the drop, coinciding with the controversy, suggests a correlation. Here
