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☆ Disney shares tumble on light guidance. But here's why we're raising our price target
▼ + stars: | 2024-05-07 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Disney Why we own it: We value Disney for its best-in-class experiential entertainment Parks business, which has proven to have immense pricing power. In the second quarter, the combined business — Disney+, India's Disney+ Hotstar, Hulu and ESPN+ — saw losses of $18 million, far better than the $659 million loss in the year-ago period. DTC profitability benefited from Disney+ core subscriber growth, higher retail subscription prices, increased advertising revenue on the back of higher impressions, and lower distribution costs. Clearly, Disney still has a big opportunity in sports as they execute on their DTC streaming strategy for ESPN. The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.

Persons: —, Nelson Peltz, wouldn't, Hugh Johnston, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Club, Revenue, LSEG, Disney, Parks, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, CNBC, seasonality, Entertainment, Hulu, Hulu Live, Sports ESPN, College Football, National Football League, Walt Disney World, Disney Cruise, Disneyland, Hong Kong, Getty Locations: Hulu, India, Florida, California, Hong, Los Angeles

☆ Disney quarterly results are on deck. Here's what to expect
▼ + stars: | 2024-05-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. This will also be Disney's first earnings call since it won a proxy fight against Nelson Peltz's Trian Partners. Here is what Wall Street expects Disney to report Tuesday morning, according to LSEG:Earnings per share: $1.10 expectedRevenue: $22.11 billion expectedThe subscriber growth at its flagship streaming service, Disney+, will once again be a top focus. Last quarter Disney's direct-to-consumer unit — which also includes Hulu and ESPN+ — saw its losses narrow to $216 million from $1.05 billion in the same period a year earlier. Visitor traffic to Disney's theme parks in the U.S. will also be in focus.

Persons: Walt Disney, Mickey Mouse, Bob Iger, Nelson Peltz's Trian, Jessica Reif Ehrlich, Reif Ehrlich Organizations: Magic, Walt Disney World, Disney, BofA Securities, Hulu, ESPN, Deutsche Bank, Comcast, Universal, CNBC Locations: Lake Buena Vista , Florida, Hulu, U.S, Orlando, Universal Orlando, NBCUniversal

☆ 5 things to know before the stock market Monday, May 6
▼ + stars: | 2024-05-06 | by ( Michele Luhn | ) www.cnbc.com time to read: +3 min

Feeling optimisticStock futures were higher Monday after ending last week on a positive note in light of a weaker-than-expected jobs report. Last week, the Dow and Nasdaq rose 1.1% and 1.4%, respectively, while the S&P 500 added 0.5%. Buffett's back, all rightWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. During the meeting, Buffett also fielded questions from shareholders, opined on the future of artificial intelligence and praised Fed Chair Jerome Powell for his work steering the economy. Final verdictCombination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.

Persons: Joseph Prezioso, Warren Buffett, Charlie Munger, Buffett, Greg Abel, Jerome Powell, Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, Zhao, Justin Sullivan Organizations: Dow, Nasdaq, Traders, Federal Reserve, Disney, Anadolu Agency, Getty, Berkshire, CNBC, Oracle, Berkshire Hathaway's, Paramount, Reuters, Bloomberg Locations: Omaha , Nebraska, Omaha, San Rafael , California

☆ Man Behind California Forever, Silicon Valley's City of the Future
▼ + stars: | 2024-05-05 | by ( Hugh Langley | Adam Rogers | ) www.businessinsider.com time to read: +29 min

He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.

Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, —, Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe

☆ Disney World theme parks are becoming remote working hotspots
▼ + stars: | 2024-05-05 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Increasingly more people are choosing to work remotely from Disney theme parks. The trend began in the wake of the pandemic, as remote working became more popular and parks reopened. Writers and social media workers are among those heading down to work in Orlando. AdvertisementMore and more people are choosing to work remotely from Disney World theme parks — and it's not just Disney bloggers. Writers, techies, and social media workers are just some of those heading down to Orlando and sharing their experiences online.

Persons: —, it's Organizations: Service, Disney, Workers, Business Locations: Orlando

☆ Insider Today: My home-renovation nightmare
▼ + stars: | 2024-05-04 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

This post originally appeared in the Insider Today newsletter. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda:But first: Get in, we're going to the Met Gala. An aerial shot shows Jared Leto on the red carpet at the 2023 Met Gala.

Persons: —, Jared Leto, Neilson Barnard, MG23, Anna Wintour, Bunny, Jennifer Lopez, Chris Hemsworth, Shou Zi Chew, I'm, Yulia Reznikov, everyone's, Morimoto, Chris Burnett, hasn't, they're, Tyler Le, Anne Hathaway's sizzling, Jerry Seinfeld Organizations: Business, Service, Disney, Victoria & Alberts, Metropolitan Museum, Art's Costume, Vogue, Costume Institute, Social, BI, HGTV, Netflix Locations: Epcot, Victoria, Scottsdale , Arizona, Scottsdale Scottsdale , Arizona, Scottsdale, Michigan

☆ Disney World now has a Michelin-star restaurant
▼ + stars: | 2024-04-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Disney's Victoria & Albert's restaurant just earned the company its first Michelin star. It's the first time a US theme park restaurant has achieved the culinary honor, Disney said. Victoria & Albert's pre-fixe menu starts at $295 per person. Disney World is probably best known for its viral and eclectic assortment of park food. But now, the park's Victoria & Albert's restaurant — which it calls its "culinary crown jewel" — has earned a coveted Michelin star, denoting greatness in the restaurant industry.

Persons: Disney, — Organizations: Michelin, Albert's, Service, Disney, Business Locations: Victoria

☆ A tiny low-cost airline you may not have heard of is expanding to 10 new cities. We asked its CEO what to expect.
▼ + stars: | 2024-04-29 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Avelo Airlines continues to expand its fleet and routes, adding 10 new destinations on May 1. As Avelo strives for its third profitable quarter, the CEO says the airline is focused on itself. AdvertisementWhen low-cost newcomer Avelo Airlines launched its first flight three years ago, it had just three Boeing 737 Next-Generation jetliners and served 11 West Coast destinations. Business Insider spoke to Avelo CEO Andrew Levy about what makes the growing airline different from other low-costs and what customers can expect on board its planes. Avelo Airlines' route map.

Persons: Avelo, —, Andrew Levy, Jim Olson, Louis, Walt, we've, Levy, Joe Scarnici Avelo, he's Organizations: Avelo Airlines, Service, Boeing, Alaska Airlines, Business, Concord, Houston Hobby, Walt Disney, Universal Studios, Delta, Avelo, JetBlue Airways, Airlines, BI, Frontier Locations: Burbank , California, Sonoma County, Boise, Idaho, Montana, Albany, Atlanta, Charlotte , North Carolina, Destin, Knoxville, Lakeland, Central Florida, Miami, St, Traverse City , Michigan, Orlando, New Haven, Connecticut, New York City, Hartford, Boston, Alaska

☆ I've stayed at every Disney World hotel — these 5 are actually worth every penny
▼ + stars: | 2024-04-28 | by ( Megan Dubois | ) www.businessinsider.com time to read: +1 min

I've stayed at every hotel at Disney World, and some are worth the extra cost on vacation. I love Pop Century Resort for its cheaper rooms, and it's easy to get to two of the four parks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've been going to Disney World for almost 30 years, and in that time, I've been lucky enough to stay at every single hotel the company has to offer. A typical trip to Disney World for a family of four can cost nearly $7,000, so it's tempting to cut corners by staying off-property.

Persons: I've, — Organizations: Disney, Marriott, Service

☆ I've visited 93 countries, 57 of them with kids. These 5 underrated spots are great places to enjoy with your family.
▼ + stars: | 2024-04-23 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

Since 2000, I've visited 93 countries and 57 of them have been with my four children who are all under the age of 10. We went on a safari tour in TanzaniaOur family visited Tanzania in 2019 in collaboration with a tourism brand. We love Sri Lanka so much, we're building a villa thereIn 2022, my family and I moved to Sri Lanka from Abu Dhabi. Edwards' daughter and son on a beach in Sri Lanka. Courtesy of Karen EdwardsI visited the country in 2008, and then again in 2012 with my then-boyfriend and now-husband.

Persons: Karen Edwards, Edwards, —, I've, Abu, Abu Dhabi, you'll, Al, we're, It's, We'd Organizations: Service, Disney, Mto, United Arab, Oasis, Catalonian Locations: Tanzania, Abu Dhabi, America, California, Florida, Zanzibar, Tanzanian, Lake, Dubai, United Arab Emirates, Al Ain, Hafeet, Sri Lanka, Galle, Andorra, Pyrenees, Spain, Barcelona, Toulouse, France, Karen Edwards Andorra, Macedonia Macedonia, Balkan, Greece, Europe, Albania, Macedonia

☆ A disabled woman planned a 'once-in-a-lifetime' trip to Disney World. Then the park changed its disability policy.
▼ + stars: | 2024-04-22 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +7 min

Read previewSavannah spent nine weeks and thousands of dollars planning her family's trip to Walt Disney World. AdvertisementMinnie Mouse at Walt Disney World. Disney's new disability policyThe bombshell: Disney announced earlier this month that it would revise its Disability Access Service policy. The Washington Post/Getty ImagesThe Disneyland and Disney World websites include information for individuals with disabilities across different categories, including mobility. However, the policy changes — scheduled to go into effect the first day of their Disney vacation — have upended everything.

Persons: —, Minnie Mouse, Savannah —, Savannah, She's, Disney, there's, Bob Iger —, Joe Burbank, I've Organizations: Service, Savannah, Walt Disney, Disney, Business, Walt Disney World, Anadolu, Getty, Fox Business, The Washington Post, Disneyland, Washington Post, Services, Orlando Sentinel, Tribune, Getty Images Savannah, Universal Locations: Savannah, Indiana, California, Florida

☆ I visited Dollywood's sister theme park in the Ozark mountains. The hidden gem's attractions and food were just as good as Disney's.
▼ + stars: | 2024-04-22 | by ( Carly Caramanna | ) www.businessinsider.com time to read: +7 min

Read previewOne of my favorite hidden-gem theme parks is Silver Dollar City, nestled in the Ozark Mountains in Branson, Missouri. Both are owned by Herschend Family Entertainment, though Silver Dollar City opened first in 1960. I've visited theme parks all over the world and this now ranks as one of my favorites. There are also unique attractions at Silver Dollar City that I haven't experienced anywhere else — Grandfather's Mansion was one of my favorites. The food is fantastic and uniqueCarly CaramannaI'm a big foodie — especially at theme parks — and I was happy this park's eats lived up to the hype.

Persons: —, It's, I've, Carly Caramanna, I'd, Carly Caramanna It's, Carly Caramanna Grandfather's, that's, Carly Caramanna I'm, Delilah's, Dickens, Carol, An, Ward, She's, Dolly Parton's Organizations: Service, Dollar, Herschend Family Entertainment, Dollar City, Disney, Business, Silver Dollar, Marvel Locations: Ozark, Branson , Missouri, touristy, Branson there's

☆ A former Miss America contestant uses low-impact workouts to build lean muscle and core strength — and protect her heart
▼ + stars: | 2024-04-21 | by ( ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMadeline Collins, the 2018 Miss West Virginia who competed for the title of Miss America 2019, knows firsthand the hard work that goes into getting a dancer's graceful, athletic physique. Contestant Madeline Collins, Miss West Virginia, showcases her dance talents on the Miss America stage competing for the 2019 title. "It offers the ability to work out hard, sweat, and see significant change without shooting up your heart rate." AdvertisementResearch suggests walking more can help improve your heart health and reduce your risk of illness.

Persons: —, Madeline Collins, — Collins, Collins, I'm, barre Organizations: Service, Miss West, Miss, Walt Disney Company, Disney, Business, Pure, Miss America Locations: Miss West Virginia, Barre, barre

☆ I stayed at Disney World's most expensive hotel that costs $900 a night. Here's what it was like and why it was worth every penny.
▼ + stars: | 2024-04-18 | by ( Jenna Clark | ) www.businessinsider.com time to read: +1 min

I stayed at Disney's Grand Floridian Resort & Spa, where rooms cost $900 a night on average. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I was very excited to reserve a stay at Disney's Grand Floridian Resort & Spa. I booked a one-night stay in a standard room that typically costs about $900 a night. But the resort also has larger suites and villas that range over $4,000 a night.

Persons: I'd, Mary Poppins, — Organizations: Floridian, Magic Kingdom, Disney, Service Locations: Magic

☆ Mickey, Minnie, Donald and Goofy file for union vote at Disneyland
▼ + stars: | 2024-04-17 | by ( Chris Isidore | Natasha Chen | ) edition.cnn.com time to read: +7 min

The group had announced a union organizing effort in February, but very often such campaigns fall short of filing to hold a vote. Union organizing efforts have picked up in the last year, especially in the wake of a number of high profile contract wins by unions that provided union members with large pay raises. There are more than 21,000 Disneyland “cast member” employees, who are represented by more than a dozen unions. But it doesn’t include the performers who dress up as characters such as Mickey and Minnie Mouse, Donald Duck and Goofy and interact with visitors. Vo said it’s difficult for cast members to afford living on their own, and many have roommates.

Persons: “, ”, Kate Shindle, Mickey, Minnie Mouse, Donald Duck, Disney, Mai Vo, Vo, Zach Elefante, Elefante Organizations: California CNN, Actor’s Equity Association, National Labor Relations Board, Disneyland, Disney, Union, Workers, CNN, showtime, Magic Kingdom Locations: Anaheim, California, Los Angeles, Orlando , Florida, Orlando, Southern California, Vo

☆ I moved my family down south to Florida over 7 years ago. I mostly love it, but life here has been filled with surprises.
▼ + stars: | 2024-04-17 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

My family moved from Maryland to Florida over 7 years ago, when my teens were in elementary school. From hurricane parties to political protests, I've experienced a lot and I love living here. Florida is more than just Walt Disney World and gators, but both of those exist here. AdvertisementIt's been over seven years since my husband and I chose to relocate our family from Maryland to Florida. It's a decision I've never regretted once, but living in the Sunshine State is very different from life in the Northeast.

Persons: I've, —, It's Organizations: Walt Disney World, Service, Sunshine State, Disney, Business Locations: Maryland, Florida, Sunshine

☆ I worked at Disney World for over 3 years. Here are answers to 8 questions guests are too embarrassed to ask.
▼ + stars: | 2024-04-15 | by ( Sofía Olivar | ) www.businessinsider.com time to read: 1 min

Do you have any tips for visiting Universal Studios? I love the Wizarding World of Harry Potter at Universal. Solarisys/ShutterstockA lot of people think that because Universal Studios is Disney's "competition," they can't ask park employees about it. When I worked at Coronado Springs Resort, I often asked guests about their days when I saw them return to the hotel with Universal Studios bags. As a big "Harry Potter" fan, I enjoy talking about those parks as much as Disney.

Persons: Harry Potter Organizations: Universal Studios, Universal, Disney Locations: Coronado Springs

☆ Disney says it will now issue lifetime bans to guests who lie about having disabilities at its theme parks
▼ + stars: | 2024-04-13 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

The updates address who can use Disability Access Services, among other changes. Disability services have become the most requested service at the Florida and California parks, according to The Washington Post. MediaNews Group/Orange County Register via Getty ImagesChanges to the company's Disability Access Service arrived on the official Walt Disney World and Disneyland websites this week. Joseph Prezioso/Anadolu Agency/Getty ImagesThe new policies will begin at Walt Disney World on May 20 and June 18 at Disneyland. Representatives for Walt Disney World and Disneyland did not immediately respond to a request for comment from Business Insider.

Persons: —, Disney, Joseph Prezioso, Dennis Speigel, Speigel, Stacey Crane Organizations: Disney, Service, Business, The Washington Post, MediaNews, Orange, Getty, Walt Disney, Fox Business, Anadolu Agency, Walt Disney World, Disneyland . Representatives, Park Services, NBC, WESH, Washington Post Locations: Florida, California, Orlando

☆ My family of 3 paid an extra $180 to skip the lines at Disney. It still required a lot of strategy, but it was worth it.
▼ + stars: | 2024-04-12 | by ( Megan Dubois | ) www.businessinsider.com time to read: +1 min

Genie+ is a paid skip-the-line service at the Disney theme parks that costs about $30 a day. I always think it's worth it to get Genie+ because of how many attractions use the service. Being able to skip multiple long lines every day is a big time saver for my family. For us, that meant splurging on Genie+, a paid skip-the-line service that works at both Disneyland and Disney California Adventure. Two-day admission to the theme parks already costs over $300 a person, and on our two-day vacation, my family spent an extra $180 ($30 a person per day) on Genie+.

Persons: —, I've Organizations: Service, Disney World, Disney California Locations: Florida, California

☆ Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way
▼ + stars: | 2024-04-07 | by ( Sarah Whitten | ) www.cnbc.com time to read: +12 min

It had been more than a year since the Covid pandemic had forced Disney's domestic parks to shutter, but D'Amaro, chair of Disney's experiences division, was confident guests would flood back in when the gates reopened. Revenues fell 35% in 2020, a nearly $10 billion decrease from the $26.2 billion the experiences division had tallied in the year before the pandemic. The experiences division posted record revenue of $32.5 billion in fiscal 2023, a 16% increase from the prior year. Its innovations, from ride mechanics and animatronics to creature design and immersive architecture, have made Disney's parks a standout in the industry. Storytelling is at the heart of everything across Disney's experiences division.

Persons: Mickey Mouse, Ian Langsdon, Josh D'Amaro, D'Amaro, Bob Chapek, D'Amaro —, Walt Disney, King Arthur Carousel, Christian Thompson, you've, it's, Bob Iger, Nelson, Walt Disney Imagineering, Rey, Kylo Ren, Judy Hopps, Imagineers, CNBC —, Lewis, Disney, Imagineering, Matt Stroshane, Alan Bergman Organizations: Paris, Afp, Getty, Gibson, Disney, Walt Disney Imagineering, Hong Kong Disneyland, Walt Disney, Guardians, Magic Kingdom, Epcot, Star Wars, California Disneyland's, Walt Disney Imagineering's, Disney Engineers, Force, Southwest, CNBC, Galactic, Marvel Locations: California, Burbank, Disneyland, Hong Kong, Shanghai Disneyland, Florida, Epcot, Magic, Wharf, Disneyland's, Disney's, Edge

If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. In my CNBC interview with Peltz on Thursday, he assured us that he would be back if Iger didn't deliver on his promises. Iger talked about the board's succession committee, which former Morgan Stanley CEO James Gorman and now Disney board member, is on. They're confident that they'll pick the right person at the right time," Iger said on CNBC . I most feared the blowout in Disney stock in a fit of pique and right now I am not seeing that.

Persons: Walt Disney, Nelson Peltz, Peltz, Bob Iger, Iger, Bob, they'll, Jim, weren't, Iger's, Bob Chapek, Disney, Morgan Stanley, James Gorman, Chapek, Ike Perlmutter, it's, It's, Jim Cramer's, Jim Cramer, Joe Raedle Organizations: Walt, Disney, CNBC, Iger, Marvel Entertainment, ESPN, Fox, Warner Bros ., Club, Apple, Walt Disney World, Getty Locations: Orlando , Florida

☆ Disney reveals more on huge Magic Kingdom expansion, one part of a $60 billion investment
▼ + stars: | 2024-04-04 | by ( Natasha Chen | ) edition.cnn.com time to read: +9 min

Glendale, California CNN —Big Thunder Mountain Railroad, the “wildest ride in the wilderness,” sits at one edge of Disney World’s Magic Kingdom park, the most visited theme park in the world. “It’s probably the largest expansion ever at Magic Kingdom,” Michael Hundgen, Walt Disney World site portfolio executive, said Tuesday during a rare media event previewing new Disney attraction designs and technology at its Walt Disney Imagineering facility in California. Disney’s 10-year investment planThe Magic Kingdom expansion is one part of a $60 billion investment Disney has said it’s planning for its parks, cruises and experiences over the next decade. But any plans for expanding the theme park footprint at the Disneyland resort would need Anaheim city approval because of zoning issues. This is really a wild experience.”Charita Carter, executive creative producer at Walt Disney Imagineering, worked on the project from its inception about four years ago.

Persons: “ It’s, ” Michael Hundgen, Walt, Walt Disney, Bob Iger, Josh D'Amaro, Iger, “ it’s, Disney, ” Iger, ”, Mike Pucher, Walt Disney Imagineering Iger, Imagineers, Darth Vader, Imagineer Lanny Smoot, ” Smoot, Smoot, Christian Thompson, Stella Reese Chase, Leah Chase, Chase, “ I’m, I’ve, ” Charita Carter, Walt Disney Imagineering, Carter, “ Organizations: California CNN, Railroad, Disney, Magic Kingdom, Walt Disney, Walt, CNN, Universal Orlando Resort, Universal, Comcast, Anaheim City Council, National Inventors Hall of Fame, Research, Walt Disney Imagineering Research, Disneyland’s Locations: Glendale, California, ”, Central Florida, Disney’s Florida, Florida, Anaheim, New Orleans

☆ Jim Cramer says Nelson Peltz's defeat is worrisome for Disney's stock and he wants to sell more
▼ + stars: | 2024-04-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney wins: Disney was successful at fending off Trian Partners in Nelson Peltz's quest for two board seats at the company. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Nelson, Jim, Steve Cohen, We're, Michael Cembalest, Levi Strauss, Slim Jim, Conagra, Lamb Weston, There's, Jim Cramer's, Mickey Mouse, Joe Raedle Organizations: CNBC, Treasury, Institute for Supply, PMI, Disney, Trian Partners, Apple, JPMorgan, Procter, Gamble, Jim Cramer's Charitable, Walt Disney World, Getty Locations: Washington, Orlando , Florida

☆ Disney proxy battle is about a lot more than just two board seats
▼ + stars: | 2024-04-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

As for the newsletter, in today's big story, we're breaking down Disney's big proxy fight . Activist investor Nelson Peltz's proxy fight against Disney for two seats on the company's board comes to a head at its annual shareholder meeting today. The total amount spent between Disney and its rivals wrangling votes is estimated to be at least $70 million, a record for a proxy fight. The statue of Walt Disney and Mickey Mouse at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida. 3 things in businessWin McNamee/Getty Images; Chelsea Jia Feng/BIIn other newsAdvertisementWhat's happening todayThe Walt Disney Company's annual meeting will be held today.

Persons: —, Congrats, ya, Bob Iger, Nelson Peltz, Neilson Barnard, David A, Grogan, Nelson, Madeline Berg, BI's Peter Kafka, BI's Grace Eliza Goodwin, Walt Disney, Mickey Mouse, Joe Burbank, Rowe Price, Peltz's Trian, Neuberger Berman, Peltz, It's, Trian, they're, Stocks, Ray Dalio, it's, Quincy Krosby, Jeffrey Buchbinder, Alyssa Powell, Win McNamee, Chelsea Jia Feng, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, National, Getty, Disney, Magic, Walt Disney World, Orlando Sentinel, Tribune, Wall, BlackRock, Peltz's Trian Partners, California Public Employees, Financial Times, DuPont, Fed, JPMorgan, Bridgewater Associates, Astera Labs, Arm Holdings, LPL Financial, Apple, Nvidia, BI, Walt Locations: —, Virginia, Lake Buena Vista , Florida, China, Haiti's, New York, London

☆ Bob Iger may prevail in Disney’s boardroom showdown, but the battle has not left him unscathed
▼ + stars: | 2024-04-03 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —The battle for the future of Disney is about to reach its epic conclusion. Nelson Peltz, founder and chief executive officer of Trian Fund Management, has continually criticized Disney CEO Bob Iger. The forces that have tormented Iger will be banished to the shadows, exiled outside of the Magic Kingdom for now. The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World. The future of Disney is up for grabs in the proxy-fight between Iger and Peltz.

Persons: Nelson Peltz, Bob Iger, Peltz, Jay Rasulo, Rasulo, Disney’s “, Marco Bello, Iger, Bob Chapek, ” Barton Crockett, CNN’s, Samantha Delouya, George Lucas, Laurene Powell Jobs, Morgan, Jamie Dimon, Walt, Roy Disney, Abigail Disney, Ike Perlmutter, Trian, they’ll, Walt Disney, Mickey Mouse, Joe Burbank, ”, it’s, King, Hollywood, “ Iger Organizations: New York CNN, Disney, Trian, Management, Netflix, Trian Fund Management, Bloomberg, Rosenblatt Securities, “, Former Marvel Entertainment, Services, Magic Kingdom, Magic, Walt Disney World, Orlando Sentinel, Tribune, Service Locations: New York, Iger

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