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☆ Bob Iger reveals Disney's new plan for Marvel: quality over quantity
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

Disney CEO Bob Iger plans to limit the number of Marvel films and TV shows released each year. The decision follows underperformance and criticism of the quality of Marvel content. AdvertisementDisney CEO Bob Iger's turn-around tour continues, and he let us in on the plan for what is arguably the House of Mouse's most successful IP: Marvel. In Disney's first earnings call since successfully fending off a proxy battle from Nelson Peltz — and former Marvel Entertainment chairman Ike Perlmutter — Iger delineated the future of the Marvel Cinematic Universe. This story is available exclusively to Business Insider subscribers.

Persons: Bob Iger, —, Bob Iger's, Nelson Peltz —, Ike Perlmutter — Iger Organizations: Disney, Marvel, Service, Marvel Entertainment, Business

☆ Dollar stores are shutting down across America. They did this to themselves
▼ + stars: | 2024-04-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Dollar Tree believed acquiring Family Dollar would help it compete against larger rivals. “When Dollar Tree bought Family Dollar, they didn’t really know what they were doing,” D’Arezzo said. Many Family Dollar stores were located too close to each other and cannibalized each other’s own sales, too, D’Arezzo said. Family Dollar “needs more work than the company originally thought.”A year later, an activist investor pushed for a sale of the “underperforming” Family Dollar business, and Family Dollar announced it would close 390 stores. Dollar Tree and Family Dollar executives say Family Dollar can still succeed, however.

Persons: Dollar, Ron Holman, ” Neil Saunders, GlobalData, “, ”, David D’Arezzo, Rick Dreiling, Kelly Bania, Carl Icahn, Nelson Peltz —, ” D’Arezzo, D’Arezzo, Dreiling Organizations: New, New York CNN, Visalia Times, USA, Dollar, BMO Capital Markets, “, Street, Justice Department, Bloomberg, Walmart, Costco Locations: New York, West Coast and Texas, West Memphis, ”, California , Nevada , Arizona, Texas, California

☆ The battle over Disney’s future is about to be decided in a high stakes board vote
▼ + stars: | 2024-04-02 | by ( Hadas Gold | Samantha Delouya | ) edition.cnn.com time to read: +8 min

Two competing slates of board seats are now up for a vote against Disney’s. Peltz has criticized Disney’s recent theatrical flops and said the company should reach “Netflix-like margins” with its Disney+ streaming service, among other issues. If Peltz is successful, he and Rasulo could gain up to two seats on the board, displacing Disney’s picks. More than 35% of Disney’s shares are held by these individuals, who could seriously sway the vote. The influential advisory firms Institutional Shareholder Service and Egan-Jones have also thrown their support behind Peltz for at least one seat on the board.

Persons: Nelson Peltz, Jay Rasulo, Peltz, Ike Perlmutter, Bob Iger, ” Barton Crockett, Disney, ” Trian, Rasulo, Iger, Bob Chapek, Peltz —, —, It’s, ” Peltz, Perlmutter, ”, “ They’ve, ’ ” Crockett, Anna, Elsa, Ludwig Von Drake, “ Disney, George Lucas, Jamie Dimon, Michael Eisner, Laurene Powell Jobs, Abigail E, they’ve, ” Jessica Reif Ehrlich, “ Nelson Peltz, Neuberger Berman, Egan, Jones, ” Crocket, CNN’s Liam Reilly, Krystal Hur Organizations: CNN, Disney, Magic Kingdom, Disney’s, Trian Fund Management, Blackwells, Marvel, Netflix, Rosenblatt Securities, ESPN, ABC, Google, JPMorgan Chase, BofA Securities, California, Service Locations: Trian

☆ Read the open letter Disney heirs wrote to shareholders, defending Bob Iger and slamming activist investors as 'villains'
▼ + stars: | 2024-03-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

The heirs backed Iger and his management for being "faithful" to Disney's "magic" and said the CEO has "grown this company in a modern world." Peltz's Trian Fund Management, which owns about $3 billion of Disney stock, has criticized Disney's leadership and is seeking seats on its board. In early February, Iger and Peltz threw jabs at each other following Disney's better-than-expected earnings report. They understand that the longevity of The Walt Disney Company isn't only the result of smart business decisions; it is rooted in the strong emotional connection Disney continues to forge with generations of people from around the globe. To the contrary, their "I alone can fix it" mentality makes clear that they are not interested in preserving the Disney magic, but stripping it to the bone to make a quick profit for themselves.

Persons: Iger, Peltz's, Disney's, Peltz, Roy O, Walt Disney, Walt, Roy, Snow White, Mary Poppins, Bob Iger, Saul Steinberg —, Nelson Peltz —, Roy P, Disney Susan Disney, Abigail E, Disney Tim Disney Organizations: Peltz's Trian Fund Management, Disney, Trian Fund Management, Variety, The Walt Disney Company, Walt Disney Company, Directors Locations: Iger

☆ Look of the Week: Kim Kardashian steps into Balenciaga ambassadorship in ‘pantaleggings’
▼ + stars: | 2024-01-23 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +3 min

CNN —Get ready for another parade of Kim Kardashian in black spandex ensembles. (Kardashian is photographed in her own enormous handbag closet, along with her own collection of nearly 130 Balenciaga bags.) The “Closet Campaign” feels like a soft launch rather than a big splash for the new partnership, but is still stirring buzz. From left: Nicola Peltz and Paloma Elsesser in imagery from Balenciaga's new" Closet Campaign." Days later, Kardashian called the images “disturbing” on social media and said she was “re-evaluating” her relationship with the house.

Persons: CNN —, Kim Kardashian, Balenciaga, Kardashian, Kate Moss, Demna Gvasalia, Demna, Inez, Vinoodh, Nicola Peltz —, Regina George, Paloma Elsesser, Nicola Peltz, —, — Balenciaga, “, Kendall Jenner, ” Organizations: CNN, Haute Couture, United Locations: Balenciaga, United States, Los Angeles

☆ Peltz's renewed fight for Disney board seats keeps pressure on CEO Iger to right the ship
▼ + stars: | 2023-11-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Activist investor Nelson Peltz's renewed fight for Disney (DIS) board seats is a positive for shareholders because he will push for a level of financial discipline that the company has lacked. Peltz's Trian Partners, a major Disney shareholder, said Thursday it will launch a new challenge to get board representation. As part of its release, Trian said the investment firm's Disney stake is currently worth roughly $3 billion. DIS YTD mountain Disney YTD Peltz will "keep the heat on Disney and this is a positive for us as shareholders," Jim said Thursday while urging new Club members to "buy Disney right here, right now." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Nelson Peltz's, Peltz's Trian, Trian, Jim Cramer, Trian's, Ike Perlmutter, Perlmutter, Morgan Stanley, James Gorman, Sir Jeremy Darroch, Gorman, he's, Jim, Peltz, Jim —, Iger, we're, We're, Jim Cramer's, Nelson Peltz, Marco Bello Organizations: Disney, Peltz's Trian Partners, Marvel, Sky, CNBC, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Getty Locations: Miami , Florida

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