Nelson Peltz wants Disney shareholders to elect him and former Disney executive Jay Rasulo to the company’s board, and today he unveiled the two current directors he’d like unseated to make room. Trian, Peltz’s investment firm, asked shareholds to withhold votes for Maria Elena Lagomasino and Michael Froman and vote for himself and Rasulo instead as he ramps up his campaign against Disney for what he calls poor management that’s resulted in a lagging stock price. The board showdown will come at Disney’s an ...

Walt Disney Co.’s DIS, -0.90% federal lawsuit against Florida’s Republican Gov. Ron DeSantis and others, alleged they retaliated against the company for publicly criticizing a controversial parents-rights education law backed by DeSantis, was dismissed by a judge on Wednesday. Judge Allen Winsor ruled Disney lacked legal standing to sue DeSantis. He added that Disney’s charges “fail on the merits” against members of the board of a special improvement district in which the company operates its parks and res ...

A federal judge on Wednesday dismissed Walt Disney’s lawsuit against Florida Gov. Ron DeSantis and members of a state board for allegedly retaliating after the company criticized state limits on classroom discussion of sexuality.DeSantis and other defendants had urged U.S. District Judge Allen Winsor in Tallahassee, Florida, to dismiss the case because Disney could not sue them over constitutionally enacted state laws. Winsor was nominated by then-President Donald Trump in 2019 to fill a vacancy.“Disney la ...

Republican presidential candidate Florida Gov. Ron DeSantis stands at a campaign event at the Los Angeles Harbor Grain Terminal on September 29, 2023 in Long Beach, California.A judge on Wednesday dismissed a federal lawsuit Disney filed against Florida Gov. Ron DeSantis and other defendants that alleged he retaliated against the company for publicly criticizing a controversial parental rights education law backed by the governor.Judge Allen Winsor ruled that Disney lacked legal standing to sue DeSantis and ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Walt Disney (DIS) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 7. ...

Media companies’ results this earnings season are likely to reflect consumers’ growing preference for over-the-top (OTT) content consumption. The rise of streaming platforms has resulted in audiences moving away from traditional cable and satellite subscriptions.The decline in ratings for broadcast television and the reduced demand for theatrical content sales pose significant challenges for industry participants. Advertisers' hesitant spending, driven by concerns over inflation and higher interest rates, h ...

It's been more than eight months since Walt Disney (DIS 0.74%) last traded in the triple digits, but momentum is finally on its side. The stock that has lost to the S&P 500 (^GSPC 0.10%) for three consecutive years has more than doubled the market's return in January with a 6% return heading into this week.This could be the time for the entertainment giant to end its run of trading exclusively in the double digits since early May of last year. It's just a 5% gain away from hitting $100 again. A strong fisca ...

With the entertainment behemoth Walt Disney Co. (NYSE: DIS) facing continuous challenges over 2023, including job cuts and the decline in the number of its subscribers that exerted downward pressure on its stock, another streaming giant could take its place as the global leader.As it happens, Disney stock has declined over 11% in the past year and as much as 43.3% over the past three years from the $168.17 where its price stood on January 29, 2021, according to the most recent stock price figures retrieved ...

Everyone knows Walt Disney (DIS 0.53%). Its TV networks, streaming services, and theme parks are popular among consumers. The company has been dealing with lots of changes in the past couple years, though, as CEO Bob Iger tries to focus on getting back to growth and improved profitability.The market doesn't like this uncertainty. Consequently, shares of this top media and entertainment business dropped 46% in the past three years (as of Jan. 24), compared to the 27% gain of the S&P 500.Investors might be th ...

In this articleFUNSIXGuests ride a rollercoaster at Six Flags Magic Mountain theme park in Valencia, California, US, on Saturday, Nov. 4, 2023.Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits.In the wake of Covid-19, and as consumers more carefully choose where they're spending their money, smaller theme park operators have struggled to compete with the bigger players in the amusement industry like Disney and Comcast's ...