Exclusive: Hollywood giant Disney silent on JobKeeper as calls for transparency grow | domp
Multimedia giant Disney has refused to clarify how much it claimed through the JobKeeper wage subsidy program in 2020 amid revelations workers at the company and its ESPN subsidiary received thousands through the scheme while revenues grew.
US-based Disney, which boasts a market value of $US334 billion , operates a number of production companies and local subsidiaries in Australia which primarily collect licensing fees for its extensive film productions, subscription revenue from its Disney+ streaming platform, and merchandising royalties for products and tie-ins, such as its range of licensedDisney, which owns Marvel franchises such as Captain America and The Avengers, likely received millions in JobKeeper.
However, a local spokesperson for Disney’s larger main Australian subsidiary - the Walt Disney Company Australia - refused to clarify how much the broader company took via JobKeeper, despite fresh revelations at least some of its employees had been placed on the scheme.have seen local employee payslips which show JobKeeper payments commencing in May last year, which was the cutoff for companies to alert the ATO if they would be participating in the scheme.
Disney’s other income spiked 141 per cent to $65.8 million for the 12 months to the end of September 2020. With 234 employees locally, the company could have claimed as much as $4.5 million in JobKeeper, though the actual amount is likely less than that. But a spokesperson for Disney said the business would not comment on the quantum of JobKeeper received by the business and did not respond to further questions or calls from
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