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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

☆ 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

☆ Disney's cinematic drought may have opened a door for activist investor Peltz
▼ + stars: | 2024-04-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

DisneyDisney has struggled to return to the lofty box office records of 2019 — and that may have helped open the door for its recent troubles with activist Nelson Peltz. Just four years ago, the studio had seven billion-dollar films, which contributed to a global box office haul of more than $13.2 billion. Sony produced and distributed "Spider-Man: No Way Home," which made $1.9 billion, although Disney's Marvel Studios did serve as a co-producer. "People go to watch a movie or a show to be entertained," Peltz said in recent interview with The Financial Times. Peltz has also taken particular issue with Disney's failed succession plans and what he's described as a disjointed streaming strategy.

Persons: Harrison Ford, Indiana Jones, Nelson Peltz, Disney's, Strange, Peltz, Jay Rasulo, he's, Marvel, Ike Perlmutter Organizations: Disney Disney, Disney, Century Fox, Star, Sony, Disney's Marvel Studios, Guardians, Galaxy, Trian Fund Management, Financial Times, Marvel, U.S . Air Force, Financial, Marvel Entertainment Locations: U.S

☆ Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle
▼ + stars: | 2024-03-25 | by ( Becky Quick | ) www.cnbc.com time to read: +2 min

Nelson Peltz's Trian Fund Management withheld its votes from Walt Disney CEO Bob Iger when voting its shares in the bitter proxy battle the asset management firm is waging against the entertainment giant, according to sources who monitor the situation. However, it is counter to Trian's proxy recommendations, and it doesn't mesh with the public statements Peltz has made about wanting to work together with management if he is elected to the Disney board. In recent weeks, Disney has stepped up its attacks on Trian and Peltz. "Disney is stupid because I'm not trying to fire Bob Iger, I want to help him," Peltz recently told the Financial Times. The Disney board meeting will be held April 3 and Trian could change its vote between now and then.

Persons: Nelson Peltz, Nelson Peltz's, Bob Iger, Peltz, I'm, Trian, Jay Rasulo, Maria Elena Lagomasino, Michael Froman, Ike Perlmutter Organizations: Trian Fund Management, Future Investment Initiative, Summit, Fund Management, Walt Disney, Disney, Financial Times, CNBC, Marvel Entertainment, Peltz Locations: Miami , Florida, Iger, Disney

☆ Disney stakes its claim in the upcoming Peltz board fight with an amazing quarter
▼ + stars: | 2024-02-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

That's what makes the upcoming proxy battle between Disney and the activist investor Nelson Peltz so compelling. Peltz's Trian Partners investment firm oversees about $3 billion worth of Disney stock, including shares held by former Marvel Entertainment Chairman Ike Perlmutter. For its fiscal second quarter, Disney expects net additional subscribers to Disney+ between 5.5 million and 6 million, with domestic adding 7.5 million due to its agreement with Charter Communications, while international core subs decline modestly. Disney is getting closer and closer to achieving its first profitable DTC quarter, which it continues to expect in its fiscal fourth quarter. In the Experiences segment, Disney delivered record revenue, operating income, and operating margin in its fiscal first quarter.

Persons: Bob Iger, Iger, Hugh Johnston, Nelson Peltz, Jay Rasulo, Peltz's, Ike Perlmutter, Taylor, Taylor Swift, –, Johnston, Disney, WBD, That's, Jim Cramer's, Jim Cramer, Jim, Gabby Jones Organizations: Disney, Revenue, LSEG, Peltz's Trian Partners, Marvel Entertainment, Entertainment, Hulu, Netflix, Charter Communications, Networks, Walt Disney World, Disneyland, Cruise, Sports, ESPN, Fox, Warner Bros Discovery, CNBC, Management, Epic Games, Bloomberg, Getty Locations: Disney's, Florida, California, buybacks, Brooklyn , New York

☆ What activist investor Nelson Peltz can bring to the board of underperforming Disney
▼ + stars: | 2024-01-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company's upcoming annual meeting. Trian oversees about $3 billion worth of Disney stock. The board oversight is awful," the activist investor told Jim, who agrees. In March 2018, Peltz joined the board of Procter & Gamble — a relationship that led to market share gains and improved financial performance. Peltz has been pushing Disney board representation since the beginning of 2023 .

Persons: Trian, Nelson Peltz, Peltz, Jay Rasulo, Disney, Morgan Stanley, James Gorman, Ike Perlmutter's, Bob Iger, Jim, we've, Procter & Gamble, there's, Iger, Bob Chapek, Jim Cramer's, Jim Cramer, David A Organizations: Trian Partners, Disney, Marvel Entertainment, missteps, CNBC, ESPN, DIS, Procter &, Netflix, Alpha, Grogan Locations: New York

☆ This unusual company that cashes in on boardroom brawls is set for windfall from Disney-Peltz fight
▼ + stars: | 2023-12-05 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Broadridge Financial Solutions , which provides proxy services for big corporations during boardroom brawls, could generate as much as $50 million in event-driven revenue from the Peltz-Disney war, according to Evercore ISI analyst David Togut. During Trian's 2017 proxy battle against Procter & Gamble, the consumer giant paid about $60 million to Broadridge for proxy service, Togut said. Evercore ISI said a company's retail investor base is the best representation for Broadridge's revenue. Since Disney has 81% of the retail shares P & G has, it estimated that Broadridge could make up to $50 million from the proxy war. Evercore ISI set an outperform rating on Broadridge and raised its 12-month price target to $230 from $226.

Persons: Nelson Peltz's, David Togut, Broadridge, Togut, Evercore, Peltz, Trian, Ike Perlmutter, Bob Iger, — CNBC's Michael Bloom Organizations: Disney, Procter & Gamble, Marvel Entertainment, Evercore ISI

☆ Disney is set to report earnings after the bell – here's what to expect
▼ + stars: | 2023-11-08 | by ( Sarah Whitten | ) 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. In its previous quarter, Disney recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly net loss. Disney is also feeling pressure from activist investor Nelson Peltz, who is seeking to gain more control of the company's board. Perlmutter is one of the largest single shareholders in the company and has entrusted his stake in Disney to Peltz's Trian Fund Management. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.

Persons: Walt Disney, Mickey Mouse, Bob Iger's, Nelson Peltz, There's, Ike Perlmutter, Perlmutter, Julia Boorstin, Bob Iger Organizations: Magic, Walt Disney World, –, Netflix, Disney, Marvel Entertainment, Trian Fund Management, Comcast, CNBC Locations: Lake Buena Vista , Florida, Hulu, Disney, NBCUniversal

☆ Ike Perlmutter: Disney Fired Me From Marvel, I Wasn’t Laid Off
▼ + stars: | 2023-04-05 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

‘All they talk about is box office, box office,’ Ike Perlmutter, the former Marvel Entertainment chairman, said of Disney executives and Marvel Studios leadership. Isaac “Ike” Perlmutter says Walt Disney Co. fired him as chairman of Marvel Entertainment because he pushed Disney too aggressively to cut costs and ran afoul of the creative executives whom newly returned Chief Executive Robert Iger wants to empower. In a rare interview, the 80-year-old Mr. Perlmutter spoke to The Wall Street Journal about his dismissal from Disney last week, his relationship with Mr. Iger, and missteps he feels Disney has made in recent years.

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