Disney CEO Bob Iger apologizes to California elementary school for 'Lion King' screening fee

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Disney CEO Bob Iger issued an apology Thursday after the company requested a permit fee from an elementary school in California for screening the 2019 remake of "The Lion King."

"Our company @WaltDisneyCo apologizes to the Emerson Elementary School PTA and I will personally donate to their fundraising initiative," Iger, 68, tweeted.

The school showed the film during a fundraiser event put on by the parent-teacher association (PTA) back in November. Tickets were advertised on Eventbrite with a suggested a donation price of $15, according to SFGate.

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Per Berkeleyside, Disney's licensing agent, Movie Licensing USA, notified the school last month and said it violated copyright law for playing the film for a crowd without a license. It requested the school pay a $250 fee since, per copyright law, films are not allowed to be shown outside of a home to an audience without a $250 single-use permit.

Iger's apology comes after days of complaints from parents, children and residents on social media, Deadline reported. It is unclear how much Iger plans to donate.

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The organization raised $800 from the fundraiser, according to SFGate.

Disney CEO Bob Iger issued an apology on Thursday after the company fined an elementary school in California for screening the 2019 remake of 'The Lion King.' (Reuters)

The Walt Disney Company, which includes its entertainment properties and park operations, has a market capitalization of $238.1 billion, per Forbes.

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A rep for Disney did not immediately respond to Fox News' request for comment.