Disney's writer wage theft, a year on

I don't understand how Disney's position hasn't simply been laughed out of court. Aren't they effectively arguing for ending the ability of corporations to form contracts? If contractual obligations can be discarded simply through M&A, how can any contract be enforced?

>This is shameful, and it points to the hollowness of Disney's long-running holy war to get us all to "respect copyright." Disney respects copyright only to the extent that it serves as a charter for corporate abuse of creators, or a means by which Disney can reach beyond its corporate walls and dictate the conduct of its competitors or other industries. When it comes to copyright as a tool for securing the rightful wages of creative workers, Disney exhibits contempt far beyond the taunts of The Pirate Bay or the insouciance of bootleg DVD hawkers in a night market.