Owners in US$16.6-million dispute with partner as filings reveal overspending on international growth after a pandemic boom
and even Disney overspent on international growth after intense pandemic interest subsided, Delaware and Ontario court filings reveal,
The company now expects to only operate shows in four or five cities by the end of September, down from its height of nearly 20. Lighthouse publicist Nick Harkin said in an e-mail that the restructuring “in no way impacts the operations in Canada and our presentation of ‘Immersive Disney Animation’ is proceeding as scheduled.”
The filings illustrate that Lighthouse’s expansion did not go smoothly. Despite operating “at a significant profit” in 2021, it swiftly expanded operations to about 20 venues globally in the absence of “having a solid, long-term chief financial officer or a substantial financial department to keep up with the rapid expansion of the business,” the company wrote.
At some point thereafter, Lighthouse’s U.S. affiliate missed a payment, at which point Impact locked Lighthouse out of several locations, forcing it to “refund approximately $1.5 million in tickets sales and cancel all ongoing ticket sales” in those locations.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lighthouse featured in 'Forrest Gump' goes dark after lightning strikeLightning has knocked out a lighthouse on the Maine coast that was featured in the movie “Forrest Gump.”
Read more »
Queer Eye star Jonathan Van Ness talks representation, reality — and PrideAmid Pride celebrations and Canadian comedy tour dates, Van Ness talks rights, representation and really good hair.
Read more »
Queer Eye star Jonathan Van Ness talks representation, reality — and PrideAmid Pride celebrations and Canadian comedy tour dates, Van Ness talks rights, representation and really good hair.
Read more »
Sturgeon Falls man $100K richer because he played ENCORETrevor Van Dusen bought his winning LOTTO MAX ticket in Garson
Read more »
Queer Eye star Jonathan Van Ness talks representation, reality — and PrideAmid Pride celebrations and Canadian comedy tour dates, Van Ness talks rights, representation and really good hair.
Read more »
Queer Eye star Jonathan Van Ness talks representation, reality — and PrideAmid Pride celebrations and Canadian comedy tour dates, Van Ness talks rights, representation and really good hair.
Read more »