Letter Details Positive Experience Working with Nelson Peltz and Highlights Trian's Track Record of Working Constructively to Create Shareholder Value Encourages Disney Board to Work with Nelson and Trian for the Benefit of all Shareholders NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Current and former public company directors who have worked with Nelson Peltz and Trian today sent a letter to The Walt Disney Company (NYSE:DIS) Board of Directors detailing their positive experiences working with Trian. The ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

In his first public comments since Disney fired him as CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney-owned ESPN to add minority partners."Strategically, I don't really see a benefit in bringing on yet another minority partner into ESPN," Chapek said as part of the CNBC documentary "ESPN's Fight for Dominance," which chronicles the network's digital strategy, published Thursday. Disney CEO Bob Iger told CNBC's David Faber in July that he'd consider selling a minority stake in ESPN t ...

The past three years have been challenging ones for Walt Disney (DIS 1.70%). Ditto for shareholders; the stock's still down more than 40% from its early 2021 peak.Blame the COVID-19 pandemic, mostly. The contagion reshaped the entertainment industry landscape by accelerating the growth of competing streaming services while at the same time permanently damaging the theatrical film business. Like most of its peers, Disney wasn't ready for the rapid change.Time eventually heals all wounds though. Now three yea ...

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HAYKIRDI Shares of Disney (NYSE:DIS) went into a new up-leg after the entertainment company announced that it will massively increase in its capital returns in FY 2024. Disney also reported that losses in its direct-to-consumer business narrowed significantly in the December quarter which makes it likely that the streaming company will be able to report its first-ever operating profit in its DTC business this year. With more capital returns awaiting shareholders, Disney's shares are now much more attractive ...

Legendary filmmaker George Lucas is backing Disney and CEO Bob Iger in the company's proxy fight with activist investor Nelson Peltz. "No one knows Disney better" than CEO Bob Iger, Lucas said in a statement seen by Reuters."I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob’s track record of driving long-term value," he reportedly said. "I have voted all my shares for Disney’s 12 directors and urge other shareholders to do the same." Lucas has been a ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

It's been a Mickey Mouse March for Walt Disney (DIS 0.93%) investors. Shares of the media giant hit a 52-week high earlier this month. The stock closed on Monday within 1% of lifting that ceiling even higher. Why is Disney trouncing the market this year, up 26% in 2024 to more than triple the market's 8% climb? More importantly, can the shares continue to move higher from here?The road to here is fairly easy to explain. Disney as an investment has underperformed the general market for three consecutive year ...

智通财经获悉，迪士尼(DIS.US)大股东、美国知名导演乔治·卢卡斯(George Lucas)在迪士尼和激进投资者Trian基金管理公司之间的代理权争夺战中支持迪士尼首席执行官鲍勃·伊格尔(Bob Iger)。 在2012年将卢卡斯影业出售给迪士尼后，卢卡斯成为迪士尼最大个人股东，持有3710万股股票。他此前表示，他对迪士尼和艾格“创造长期价值”的记录“充满信心和信心”。卢卡斯因创造了史诗般的太空传奇《星球大战》而闻名，现年79岁的卢卡斯还创作了《夺宝奇兵》系列电影，他指出，他把自己所有的股份都投给了迪士尼的董事名单，并敦促“其他股东也这样做”。 卢卡斯发表上述言论的前一天，迪士尼还得到了有影响力的股东顾问格拉斯•刘易斯(Glass Lewis)的另一份支持。该公司支持迪士尼的提名，而不是Trian基金的提名者——联合创始人尼尔森·佩尔茨(Nelson Peltz)和前迪士尼首席财务官詹姆斯·拉苏洛(James Rasulo)——在这家媒体巨头持续挣扎的情况下，帮助提振了低迷的股价。 激进投资者Blackwells Capital也在寻求让三个人进入迪士尼董事会——杰西卡·谢尔(Jessica Schell ...