The Daily Money: Can a Disney+ subscription prevent you from suing Disney?
Happy Friday morning! This is Bailey Schulz stepping in for Betty Lin-Fisher to bring you today’s edition of The Daily Money focused on consumer issues.
Are you unknowingly giving up your legal rights when you sign up for a streaming service? It’s quite possible.
The Walt Disney Co. is attempting to dismiss a wrongful death lawsuit brought by widower Jeffrey Piccolo, claiming he agreed to arbitrate disputes with the company when he enrolled for a free trial of Disney+.
Many of us do not take the time to read the lengthy subscriber agreements that companies present before we click “I agree,” but legal experts say these agreements can be enforceable in court.
“Unfortunately, Disney’s argument may hold weight,” says Christine Bartholomew, a law professor at the University of Buffalo, in conversation with my colleague Jessica Guynn. “The Supreme Court has consistently upheld arbitration clauses. It doesn’t matter if they are lost in fine print in the terms and conditions.”
Store brands are gaining popularity. Do they taste any better?
Due to rising inflation over the past two years, store brands are becoming increasingly popular. Private label goods represented a record 20.7% of total grocery sales in 2023 based on units sold, generating $236 billion in sales last year, according to the Private Label Manufacturers Association.
However, today’s store-brand products aren’t the low-quality items of the past. Modern private label foods compete head-to-head with premium options, such as Rao’s Homemade pasta sauce and well-known frozen pizza brands, based on blind taste tests conducted by other media outlets.
“Our research indicates that 85% of consumers perceive private brand quality to be equal to or better than that of national brands. That marks a significant shift,” stated Jim Griffin, president of Daymon North America, a firm assisting supermarkets in creating private labels.
🍔 Today’s Highlights 🍔
Would you pay $100 for a McDonald’s cup?
Only days after the fast food chain began offering collectible cups as part of its adult happy meal, these items have become sought after. Listings for the cups—featuring nostalgic designs like Beanie Babies, Barbie, Jurassic Park, and Shrek—are appearing on platforms like eBay and Mercari, with prices ranging from $15 to $100.
“These collectible cups celebrate some of our beloved designs and collaborations over the years, allowing longtime fans to remember cherished moments while enabling a new generation to create their own lasting memories,” said company executive Morgan Flatley in a press release.