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☆ Nelson Peltz Launches Fresh Proxy Fight Against Disney
▼ + stars: | 2023-11-30 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Nelson Peltz is the founder of Trian Fund Management, which owns about $3 billion in Disney stock. Photo: Marco Bello/Bloomberg NewsActivist investor Nelson Peltz announced a new proxy fight against Disney after the company rebuffed his request to be added to the board, starting the latest phase in the battle for the entertainment giant’s future. Peltz’s Trian Fund Management said Disney shareholders have lost about $70 billion in value since the activist ended its first campaign in February. Disney Chief Executive Bob Iger has stressed in recent weeks that he is transitioning from a period of fixing to one of building and that he has a plan to turn Disney into a modern media company.

Persons: Nelson Peltz, Marco Bello, Peltz’s, Bob Iger Organizations: Trian Fund Management, Disney, Bloomberg News, Peltz’s Trian, Management

☆ Disney Names Jeremy Darroch, Morgan Stanley’s James Gorman to Board
▼ + stars: | 2023-11-29 | by ( Robbie Whelan | Denny Jacob | ) www.wsj.com time to read: 1 min

The two appointments would temporarily expand Disney’s board of directors from 11 to 13 members. Photo: fred prouser/ReutersWalt Disney ’s board appointed Morgan Stanley Chief Executive James Gorman and former Sky CEO Jeremy Darroch as new directors as it faces the prospect of two separate shareholder challenges. Disney said the appointments reflect its commitment to a strong board focused on long-term performance, strategic growth initiatives, succession planning and increasing shareholder value. Chief Executive Bob Iger in recent weeks has told investors and employees that the company has begun building its future after a period of fixing problems.

Persons: fred prouser, Reuters Walt, Morgan, James Gorman, Jeremy Darroch, Disney, Bob Iger Organizations: Reuters, Reuters Walt Disney ’, Morgan Stanley, Sky

☆ Activist ValueAct Builds Stake in Disney
▼ + stars: | 2023-11-15 | by ( Robbie Whelan | Lauren Thomas | ) www.wsj.com time to read: 1 min

Disney has called its theme parks, along with cruises, one of four building blocks of its future. Photo: Joe Burbank/Orlando Sentinel/Associated PressDisney has attracted the interest of another activist investor that believes the company is undervalued, with ValueAct Capital accumulating a stake in the entertainment giant’s stock and initiating dialogue with its board. ValueAct, an activist fund based in San Francisco with investments in information technology, energy, financials and media, has taken a “sizable” but so far undisclosed stake in Disney that makes it one of the fund’s biggest holdings, according to people familiar with the matter.

Persons: Joe Burbank Organizations: Disney, Orlando Sentinel, Associated Press Disney, ValueAct Capital Locations: San Francisco

☆ ‘The Marvels’ Disappoints at Box Office, Showcasing Disney’s Studio Challenge
▼ + stars: | 2023-11-12 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

‘The Marvels’ features an all-female trio of stars, including Teyonah Parris as Captain Monica Rambeau. Photo: Laura Radford/Disney/Marvel Studios/Associated Press“The Marvels,” Disney ’s latest superhero feature, landed with a thud at the box office only days after Chief Executive Bob Iger called for an overhaul of the entertainment company’s studio business. A sequel to 2019’s hit “Captain Marvel” from Disney’s Marvel Studios, the new movie features an all-female trio of stars in Brie Larson, Teyonah Parris and Iman Vellani. It sold $47 million in tickets in North America over its opening weekend, making it the weakest debut performance of any movie in the so-called Marvel Cinematic Universe.

Persons: Teyonah Parris, Monica Rambeau ., Laura Radford, Bob Iger, Marvel ”, Brie Larson, Iman Vellani Organizations: Disney, Marvel Studios, Associated Press, Disney’s Marvel Studios Locations: North America

☆ Iger Lays Out Vision for Disney’s Future
▼ + stars: | 2023-11-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Movies such as Pixar’s ‘Elemental’ were popular on the Disney+ streaming service. Photo: Walt Disney/Everett CollectionNearly a year after returning to Disney as chief executive, Bob Iger laid out his vision of the company’s future, putting streaming and live entertainment at the center, fed by a studio business that he plans to personally help reinvent. Iger told investors in a fourth-quarter earnings call that Disney will focus on four “building blocks” that provide the foundation for future growth: streaming, theme parks and cruises, studios and the ESPN sports network.

Persons: Walt Disney, Bob Iger, Iger Organizations: Disney, Everett, ESPN

☆ Disney to Accelerate Cost Cutting as It Pushes for Streaming Profitability
▼ + stars: | 2023-11-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Movies such as Pixar’s ‘Elemental’ were popular on the Disney+ streaming service. Photo: Walt Disney/Everett CollectionWalt Disney said it would slash $2 billion more in costs than previously planned and has sharply narrowed losses in its streaming business, marking progress in two areas that Chief Executive Bob Iger has stated are crucial to the company’s future. The entertainment giant said Wednesday in its earnings report that it is seeking $7.5 billion in annualized cost efficiencies, up from the $5.5 billion it targeted at the beginning of this year.

Persons: Walt Disney, Bob Iger Organizations: Disney, Everett

☆ Peltz’s Push for Disney Board Seats Boosted by Perlmutter’s Shares
▼ + stars: | 2023-10-30 | by ( Lauren Thomas | Robbie Whelan | ) www.wsj.com time to read: 1 min

Nelson Peltz, co-founder and chief executive officer of Trian Fund Management, is pressing Disney for multiple board seats. Photo: Calla Kessler/Bloomberg NewsBillionaire and former Marvel executive Isaac “Ike” Perlmutter offered moral and logistical support to his friend Nelson Peltz last year when the activist investor campaigned for big changes at Disney . As Peltz prepares a fresh challenge to the company, Perlmutter is proving to be a key financial ally, too.

Persons: Nelson Peltz, Calla Kessler, Isaac “ Ike ” Perlmutter, Peltz, Perlmutter Organizations: Trian Fund Management, Bloomberg News Billionaire, Marvel, Disney

☆ It’s Getting Too Expensive to Have Fun
▼ + stars: | 2023-10-17 | by ( Robbie Whelan | Anne Steele | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

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Persons: Dow Jones

☆ Robbie Whelan — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-12 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Robbie WhelanRobbie Whelan covers Walt Disney Co. and the business of Hollywood for The Wall Street Journal in Los Angeles. Robbie has worked for the WSJ since 2010 and has been based in New York City and Mexico City. In previous roles, he covered hospitals and public health policy, the shipping industry, commercial real estate, home-building companies and the U.S. housing market. From 2016 to 2020, Robbie was based in Mexico City working as a foreign correspondent for the Journal, covering corporate news, economics, politics, migration, trade and the drug war. He is a massive Steelers fan and an accomplished performer of rock, country and bluegrass music.

Persons: Robbie Whelan Robbie Whelan, Robbie Organizations: Walt Disney Co, The Wall Street, Johns Hopkins University, Steelers Locations: Hollywood, Los Angeles, New York City, Mexico City, Pittsburgh

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Persons: Dow Jones

☆ Why Nelson Peltz Grew Impatient With Disney’s Turnaround Efforts
▼ + stars: | 2023-10-10 | by ( Robbie Whelan | Jessica Toonkel | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: disney

☆ Nelson Peltz Boosts Disney Stake, Seeks Board Seats
▼ + stars: | 2023-10-09 | by ( Lauren Thomas | Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: disney

☆ When a Congressman Challenged Disney on China, It Laid Off Beijing Staff
▼ + stars: | 2023-09-22 | by ( Jessica Toonkel | Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 1245a752 Organizations: disney Locations: beijing

☆ Disney to Invest $60 Billion in Theme Parks, Cruises Over Next Decade
▼ + stars: | 2023-09-19 | by ( Robbie Whelan | Alyssa Lukpat | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Disney Chief Information Officer Departs
▼ + stars: | 2023-09-15 | by ( Jessica Toonkel | Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 8c27ca62

☆ Is Marvel’s Politics Left or Right?
▼ + stars: | 2023-09-15 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

“Secret Invasion,” the new Marvel Studios series on Disney +, tells the story of a shapeshifting race of aliens, the Skrulls, who live in hiding among the people of Earth, their green scaly skin disguised under human faces. The Skrulls first appeared in the pages of Marvel’s “Fantastic Four” comic books in 1962. Back then, they were avatars of Cold War paranoia—stand-ins for the infiltration of American society by secret Communists.

Persons: Marvel’s Organizations: Marvel Studios, Disney

☆ Disney-Charter Feud Portends Carnage in Cable TV. ‘The Market’s Been Warned.’
▼ + stars: | 2023-09-13 | by ( Robbie Whelan | Isabella Simonetti | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ ‘Barbie’ and ‘Oppenheimer’ Trounce Franchise Films to Jolt a Slow Summer at the Box Office
▼ + stars: | 2023-09-03 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, oppenheimer

☆ Warner Bros. Discovery Delays Releases of New ‘Lord of the Rings,’ ‘Dune’ and ‘Godzilla’ Films
▼ + stars: | 2023-08-24 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: warner

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Persons: Dow Jones Organizations: netflix

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Persons: Dow Jones Organizations: netflix

☆ Disney Earnings Put Focus on Bob Iger’s Deal-Making To-Do List
▼ + stars: | 2023-08-09 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Disney to Significantly Raise Prices of Disney+, Hulu Streaming Services
▼ + stars: | 2023-08-09 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: disney, hulu, espn

☆ Disney Posts Smaller Streaming Loss, Sees Disney+ Subscriber Base Shrink
▼ + stars: | 2023-08-09 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

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