Disney and its rivals are breaking spending records for this week's shareholder fight

Disney's proxy battle is expected to cost the company and rival hedge funds at least $70 million.That's because retail investors make up a big chunk of Disney shareholders, and it's expensive to reach them.The outcome of the shareholder vote could change Disney's direction, but its impact is still uncertain. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a pers ...