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☆ Streaming profitability is 'the crux' of Peltz's Disney argument, says Michael Nathanson
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStreaming profitability is 'the crux' of Peltz's Disney argument, says Michael NathansonMichael Nathanson, MoffetNathanson founding partner & senior research analyst, joins 'Squawk Box' to discuss the state of Disney's proxy battle, the company's streaming profitability trouble, what CEO Bob Iger needs to do, and more.

Persons: Michael Nathanson Michael Nathanson, MoffetNathanson, Bob Iger

☆ Here are the reasons why a new Wall Street upgrade of Apple is juicing the stock so much
▼ + stars: | 2024-01-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Apple got an upgrade from Bank of America, which took its rating on the stock to a buy from neutral. 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, Dow, UnitedHealth, Jim, Nelson Peltz, Disney, that's, Bob Iger, Ike Perlmutter, Peltz, Jim Cramer's Organizations: CNBC, Nasdaq, Dow, Humana, Apple, Bank of America, Disney, Marvel Entertainment Locations: Bank

☆ Abigail Disney regrets that she once flew alone on her family's private Boeing 737 from California to New York
▼ + stars: | 2024-01-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Abigail Disney expressed regret for flying solo on her family's private jet nearly two decades ago. The Disney heiress made the comments in a report titled "Proud to Pay More." AdvertisementThe Walt Disney Company heiress and filmmaker Abigail Disney said it was "wrong" for her to fly on her family's private Boeing 737 plane alone. Abigail Disney is the granddaughter of Roy O. Disney, who cofounded The Walt Disney Company alongside his brother, Walt Disney. AdvertisementShe said that "one of the greatest luxuries" she experienced growing up was her family's private jet, but one of her strongest memories of using the plane was "actually not so fond."

Persons: Abigail Disney, —, Roy O, Walt Disney, Disney, She's, Bob Iger Organizations: Disney, Service, Walt Disney Company, Boeing, Financial Times, SEC Locations: California, New York

Activist investor Nelson Peltz is stating his case for joining Disney 's board. The proxy battle comes as Iger tries to streamline the sprawling media company to rein in spending and make its Disney+ streaming platform profitable. Peltz reiterated in a CNBC "Squawk Box" interview Thursday morning that he believes Disney's current board oversight is "awful." Peltz and Rasulo aim to execute a clear vision for the brand's theme parks, targeting "high-single digit operating income growth," according to the filing. Peltz told CNBC on Thursday that he paid a visit to Disney World last week.

Persons: Nelson Peltz, Peltz's, Peltz, Jay Rasulo, they'd, Rasulo, Bob Iger's, Bob Chapek, Trian, Iger, that's Organizations: Disney, Peltz's Trian Fund Management, Netflix, CNBC, ESPN, Hollywood Studios, CNBC PRO Locations: Kingdom

☆ 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

☆ Nelson Peltz is launching a blitz on Disney. Here's what he says is next in his proxy fight
▼ + stars: | 2024-01-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Disney and its investors are going to start hearing a lot from activist investor Nelson Peltz. Disney's annual meeting last year was April 3. Disney plans to launch a direct-to-consumer ESPN service either later this year or in 2025 as the sports network's traditional cable subscription model fades. After it reports earnings Feb. 7, Disney will release its definitive proxy materials, which include the date of the annual meeting. Neither side usually knows who is winning until days or hours before the annual meeting because those massive investors often vote late in the process.

Persons: Nelson Peltz, Peltz's, Jay Rasulo, Peltz, Trian, Glass Lewis, Rasulo, Bob Iger Organizations: Disney, Management, Twitter, CNBC, ESPN

☆ Walt Disney Nominates 12 to Board of Directors, Says CEO Iger’s Compensation Doubled in 2023
▼ + stars: | 2024-01-17 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Photo: PHIL MCCARTEN/REUTERSWalt Disney recommended shareholders vote for its 12 nominees to the company’s board of directors and said Chief Executive Robert Iger ’s total compensation doubled in fiscal 2023. The company nominated Chairman Mark Parker to the board, as well as Mary Barra , Safra Catz , Amy Chang , Jeremy Darroch , Carolyn Everson, Michael Froman , James Gorman, Robert Iger, Maria Elena Lagomasino , Calvin McDonald , and Derica Rice.

Persons: PHIL MCCARTEN, REUTERS Walt, Robert Iger ’, Mark Parker, Mary Barra, Safra Catz, Amy Chang, Jeremy Darroch, Carolyn Everson, Michael Froman, James Gorman, Robert Iger, Maria Elena Lagomasino, Calvin McDonald, Derica Rice Organizations: REUTERS, REUTERS Walt Disney

Zelensky and Trump loom over DavosTwo people are having an outsize impact at the World Economic Forum, and one of them isn’t even there. One is Volodymyr Zelensky, Ukraine’s president, who put on a full-court press of business and global leaders at the forum in Davos, Switzerland. Zelensky isn’t the only leader at Davos worried about Trump. The Ukrainian leader has sought to shore up global business support. And the annual wine tasting hosted by Anthony Scaramucci, the financier and former Trump official, well, ran out of wine.

Persons: Volodymyr Zelensky, Donald Trump, Zelensky, Vladimir Putin, Andrew, Trump, Putin, “, ” Zelensky, Republican Party ”, DealBook, thumped, JPMorgan Chase, Steve Schwarzman, Blackstone, Ray Dalio, David Rubenstein, Carlyle, Michael Dell, John Kerry, Biden’s, Anthony Scaramucci, Christine Lagarde, Christopher Waller, Nelson Peltz’s, James Gorman, Morgan Stanley, Mary Barra, General Motors —, Bob Iger, Disney’s, Murray Auchincloss, Bernard Looney, Auchincloss, Yi Fuxian Organizations: Trump, Economic, Ukraine, Republican Party, Republican, JPMorgan, Congress Center, Dell, European Central Bank, Fed, Disney, General, BP, University of Wisconsin – Locations: Davos, Switzerland, Europe, Ukraine, American, Iowa, Bridgewater, China, Beijing, Russia, Britain, U.S, Asia, University of Wisconsin – Madison

☆ Premarket stocks: Why Wall Street should worry about retail
▼ + stars: | 2024-01-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Consumer spending accounts for about 70% of America’s gross domestic product, the broadest measure of the US economy, so a recession is nearly impossible as long as consumer spending is growing. Wednesday’s report is expected to be a good one — economists polled by FactSet expect that a strong holiday shopping season boosted consumer spending by 0.4% in December from the month prior. But new data from the New York Federal Reserve on Tuesday has soured the mood on Wall Street. The outlook for consumer spending doesn’t look so bright, either. The trend marked the deepening of a demographic challenge set to have significant implications on the world’s second largest economy, report my colleagues Laura He and Simone McCarthy.

Persons: Alicia Wallace, shutdowns, It’s, Brian Moynihan, ”, CNN’s Richard Quest, they’ve, Bob Iger, Samantha Delouya, Walt Disney, Iger’s, Disney, Laura, Simone McCarthy Organizations: CNN Business, Bell, New York CNN, FactSet, New York Federal Reserve, Consumer, Hamas, Federal Reserve, Bank of America, Economic, Disney, National Bureau of Statistics, Communist, NBS Locations: New York, Suez, Iranian, Asia, Europe, United States, Drewry, Davos, Switzerland, China, Communist China

☆ An upgrade, a 'top pick' and a potential deal: 3 of our stocks make news Tuesday
▼ + stars: | 2024-01-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We're taking a closer look at a few of our stocks in the headlines on Tuesday: Starbucks, Constellation Brands and Walt Disney. The firm said it is looking beyond the current quarter, noting that Starbucks is "underearning vs its potential." Constellation Brands News: Bernstein named Constellation Brands its top pick for 2024 in a Tuesday research note. That's why a potential partnership that would give equity ownership of ESPN to a professional sports league would be so interesting. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Walt Disney, Morgan Stanley, Bernstein, Jim, Bob Iger, Wells Fargo, Nelson Peltz, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Starbucks, Constellation Brands, Walt, Modelo, Disney, ESPN, National Football League, New York, NFL Media, NFL Network, Players Association, NFL, Netflix, CNBC, People, Starbucks Workers United, Getty Locations: Israel, China, Corona, Pacifico, New, New York City

☆ Bob Iger made $31.6 million as Disney’s CEO last year
▼ + stars: | 2024-01-16 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Disney CEO Bob Iger raked in $31.6 million in compensation last year – a multi-million-dollar boost from his income the year before. Iger’s 2023 pay package included a base salary of $865,385, stock awards totaling $16.1 million, $10 million in stock option awards, $2.1 million in performance-based compensation and $2.48 million in other compensation, according to The Walt Disney Company’s annual proxy statement, which was filed Tuesday. In 2022, Iger brought in $15 million in total compensation, according to the filing. Iger served as Disney’s CEO from 2005 to 2020, but he reemerged from retirement in November 2022 to replace his hand-picked successor, Bob Chapek, less than three years after Chapek took over the role of Disney CEO. Although Chapek left the entertainment company in 2022, he still made $9.9 million in total pay from Disney last year, according to the filing.

Persons: Bob Iger, Walt Disney, Iger, Bob Chapek, Chapek, Disney Organizations: CNN, Disney

☆ Aaron Rodgers' ESPN ban lasted a full day
▼ + stars: | 2024-01-11 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Read previewRemember when the Aaron Rodgers/Pat McAfee/Jimmy Kimmel situation was resolved because Rodgers was no longer going to be on ESPN? Thursday, the NFL quarterback was back on McAfee's ESPN show, commenting on Patriots coach Bill Belichick's departure . But that doesn't really matter. And for a day, at least, that's working out for McAfee and Disney, since Rodgers didn't use his TV time to attack another Disney star. The unanswered question: What happens if Rodgers — or anyone else McAfee books — causes problems for Disney again?

Persons: —, Aaron Rodgers, Pat McAfee, Jimmy Kimmel, Rodgers, Bill Belichick's, McAfee, Disney, Kimmel, Bob Iger, it's, he'll, We've Organizations: Service, ESPN, NFL, Patriots, ABC, Disney, Business, McAfee, Rodgers, Big Time

☆ Disney's Bob Iger needed a win. Pat McAfee just gave him one.
▼ + stars: | 2024-01-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Disney's Bob Iger got out of a jam with two of his biggest stars: Jimmy Kimmel and Pat McAfee. AdvertisementThere aren't a lot of media moguls who could get out of a jam involving two of their biggest stars and accusations of pedophilia. It's unclear when McAfee intends to bring Rodgers back or if he ever will; ESPN reps declined to comment. One of the reasons is that while Disney and ESPN are reported to be paying McAfee $85 million over five years to bring his daily talk show to ESPN, McAfee isn't a Disney employee. And certainly not one about one of ESPN's biggest stars, who's supposed to represent its path to the future.

Persons: Bob Iger, Jimmy Kimmel, Pat McAfee, ABC's Kimmel, ESPN's McAfee, Iger, —, Pat McAfee —, Aaron Rodgers, Jeffrey Epstein, Epstein, Kimmel, Rodgers, McAfee, Pat McAfee's, Randy Holmes, strafe Kimmel, who's Organizations: Disney, Service, ABC, ESPN, NFL, DR, Wednesday, Super, Pat McAfee's ESPN, ESPN It's, McAfee, Iger, Marvel, — Locations: —

☆ Aaron Rodgers is off ESPN’s ‘Pat McAfee Show’ for the season after ugly remarks about Jimmy Kimmel, conspiracy theories
▼ + stars: | 2024-01-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Aaron Rodgers is done as a guest on Pat McAfee’s ESPN show for the remainder of the NFL season. “So ‘Aaron Rodgers Tuesday,’ season four, is done,” McAfee told his audience. The way it ended, it got real loud.”A person familiar with the matter told CNN that the decision to end Rodgers’ regular Tuesday appearances was due to his recent behavior, not the conclusion of the regular NFL season. During the previous two NFL seasons, Rodgers appeared on McAfee’s program as late as March. Rodgers’ remark about Kimmel prompted backlash not only because it was unproven and laced with innuendo but because McAfee permitted him to make the remarks on ESPN.

Persons: CNN — Aaron Rodgers, Pat McAfee’s, McAfee, ‘ Aaron Rodgers, ” McAfee, Rodgers, Jimmy Kimmel, Jeffrey Epstein, Kimmel, Disney . Kimmel, ”, Rodgers ’, Bob Iger, it’s, “, I’ve, Aaron Rodgers, he’ll, We’ve Organizations: CNN, Pat McAfee’s ESPN, NFL, New York Jets, ESPN, ABC, Disney

☆ Aaron Rodgers is causing major headaches for ESPN after his bizarre comment about Jimmy Kimmel
▼ + stars: | 2024-01-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Jets QB Aaron Rodgers has sparked a controversy with his latest quip about comedian Jimmy Kimmel. AdvertisementESPN is grappling with a wave of backlash after Jets quarterback Aaron Rodgers made a bizarre and unfounded quip about comedian Jimmy Kimmel being linked to disgraced financier Jeffrey Epstein. Kimmel, who is one Disney's biggest names as the host of "Jimmy Kimmel Live! Advertisement"There's a lot of people, including Jimmy Kimmel, really hoping that doesn't come out," Rodgers said." "I can see exactly why Jimmy Kimmel felt the way he felt, especially with his position.

Persons: Aaron Rodgers, Jimmy Kimmel, Rodgers, Kimmel, Jeffrey Epstein's, —, Jeffrey Epstein, Pat McAfee's, I've, Epstein, doesn't, Anthony Fauci, Joe Biden's, Travis Kelce, McAfee, Aaron, Pat McAfee, Aaron Rodgers pic.twitter.com, @ESPN, Julie K, Brown, Mike D, Sykes, Perez mused, Bob Iger Organizations: Jets, Service, ESPN, Chiefs, NFL, Disney, Front, York Post

☆ These are the 11 stocks in our portfolio that Wall Street likes best in 2024
▼ + stars: | 2024-01-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

The list of most-loved Club stocks on Wall Street entering the new year resembles the list of 2023 winners, except for two stocks: Constellation Brands and Disney . Among the 11 stocks, analysts expect Nvidia to have the biggest gains in the new year, based on price targets compiled by FactSet. The average price target on Wall Street is $291.31 a share, representing 20.5% upside from Constellation's close Friday. The average Disney price target of $103.08 per share implies about 14% upside from Friday's close. We maintain a price target of $120.

Persons: that's, Jim Cramer, FactSet, Elliott, Bob Iger's, Nelson Peltz, Jim Cramer's, Jim, Spencer Platt Organizations: Constellation Brands, Disney, Nvidia, Linde, TJX Companies, Microsoft, Meta, Alto Networks, Apple, New, Palo Alto Networks, Palo, Constellation, Modelo, Corona, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Nvidia's, Amazon, Palo Alto

☆ James Gorman talks Disney succession, proxy fight as he gears up to join board
▼ + stars: | 2023-12-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney , which will advise the board on choosing CEO Bob Iger's successor. Trian said it would push for Peltz and former Disney executive Jay Rasulo to join the board. "Disney is forming a succession committee, which I'll be joining," Gorman told CNBC's David Faber. Disney said Gorman was referring to the succession committee the company announced in January. Before he ended his previous reign as CEO, Iger renewed his contract multiple times.

Persons: Morgan Stanley, James Gorman, Bob Iger's, Gorman, Jan, Jeremy Darroch, Nelson Peltz, Trian, Jay Rasulo, CNBC's David Faber, Morgan Stanley's, he's, Disney, Iger, Bob Chapek Organizations: Disney, Sky, CNBC

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

☆ Here’s a rapid-fire update on all 33 stocks in our portfolio, including those Cramer would buy on dips
▼ + stars: | 2023-12-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. If we get a sell-off in January, Eaton is a logical place to look to buy, Jim said. Procter & Gamble : It's possible that 2024 is a better year for P & G the company than P & G the stock, Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, they'll, we've, there's, he'd, Dupont De, Ed Breen, Danaher, Walt Disney, Bob Iger, Trian's Nelson Peltz, Estee Lauder, Bausch, we're, Eaton, Mary, Eli Lilly's, he's, Vimal Kapur, Kapur, We've, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, Elliott, Stanley Black, Decker, TJ Maxx, Charlie Scharf, it's, Jim Cramer, Virginia Sherwood Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Broadcom, VMWare, Bausch, Bausch Health, Charitable Trust, Caterpillar, Federal, Costco Wholesale, Coterra Energy, Dupont De Nemours, Fed, Walt, Eaton Corporation, Ford, GE Healthcare, Google, Honeywell, New, Facebook, Meta, Reality Labs, Microsoft, Activision Blizzard, Nvidia, AMD, Apple, Palo Alto Networks, Procter & Gamble, Constellation Brands, Elliott Management, Constellation, Modelo, Corona, Street, TJX, TJ, Wynn Resorts, Jim Cramer's Charitable, NYSE Locations: hospitalizations, China, U.S, Palestine, Wells Fargo

☆ Will 2024 bring good tidings to media and telecom companies? That's unlikely
▼ + stars: | 2023-12-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Still, legacy media companies including Disney, Paramount Global, Warner Bros. Since the "Great Netflix Correction" of 2022, there isn't a unifying growth narrative for media and entertainment companies. Disney, Paramount Global and NBCUniversal have all pegged 2025 as their flagship streaming services' first full year of profitability. Beyond financial metrics, several executives privately acknowledged morale has become an increasing concern at legacy media companies. One executive noted he's increasingly hearing from peers that running media and entertainment companies just isn't as fun as it was five or 10 years ago.

Persons: Corey Martin, Granderson Des Rochers, Martin, Jerome Powell, Liu Jie, Shari Redstone, David A, CNBC Shari Redstone, Biden, Sinclair, Lina Khan, Joe Biden, Khan, There's, John Harrison, Brian Roberts, Drew Angerer, Donald Trump, Trump, David Zaslav, Michael M, Disney, Nelson Peltz, Jay Rasulo, Bob Iger, he's, LightShed's Rich Greenfield Organizations: Universal Studios, Warner Bros . Discovery, Disney, Paramount Global, Comcast, Granderson, U.S, Federal, Washington , D.C, Xinhua News Agency, Getty, Treasury, Federal Reserve, Allen, Co . Media, Technology Conference, Grogan, CNBC, Trump, Nexstar, Gray Television, Federal Trade, Verizon, Mobile, NBCUniversal, CBS, NBC, EY, Allen & Company Sun Valley Conference, Trump's Department, Justice, Time Warner, Republican, Democratic, Netflix, Cable, Warner Bros, New York Times, Santiago, Getty Images Media, Management, Paramount Locations: Washington ,, United States, Sun Valley , Idaho, Tegna, Europe, U.S, EY Americas, New York City

☆ Marvel drops actor Jonathan Majors after assault conviction, source says
▼ + stars: | 2023-12-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Jonathan Majors is out at Marvel after his misdemeanor assault and harassment conviction Monday, a person familiar with the matter told CNBC. The Marvel franchise is in a state of flux right now, with audience goodwill dwindling with each new entrant. Following the incident, but prior to his conviction, Majors was dropped from several marketing campaigns as well as by his talent agency. Disney previously pulled his film "Magazine Dreams," once considered an Oscar contender, was also pulled from the calendar. With Majors' conviction, Disney now has to make a choice: recast the role of Kang or completely alter its plans for the MCU.

Persons: Jonathan Majors, Meagan, Priya Chaudhry, Majors didn't, Bob Iger, Loki, Majors, he's, Kang, Josh Brolin's Thanos, Major's Kang Organizations: Marvel, CNBC, Majors, Disney Locations: New York City, New York

Trian Fund Management on Thursday announced it was nominating its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo to the media giant's board, as the firm wages a contentious proxy fight with Disney. The firm announced it was seeking two board seats for Peltz and another media executive, following what it called "significant value destruction and missteps" that the board oversaw. Trian's proxy fight comes as Disney CEO Bob Iger tries to right the ship after a broad restructuring that resulted in thousands of layoffs. Disney has said the proxy fight is apparently in part due to a personal grudge held by Peltz's ally and former Marvel boss Ike Perlmutter. Trian has oversight of shares owned by Perlmutter, who has been an outspoken critic of Disney CEO Bob Iger.

Persons: Nelson Peltz, Walt Disney, Jay Rasulo, Trian, Rasulo, Disney, Bob Iger, Peltz's, Ike Perlmutter, Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch Organizations: Trian Fund Management, Future Investment Initiative, Summit, Trian, Management, Walt, Disney, Company, Peltz, Marvel, Sky Locations: Miami , Florida

☆ 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

☆ Activist investor urges Disney to add Trian's Nelson Peltz to its board
▼ + stars: | 2023-12-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Activist investor Ancora on Tuesday urged Disney to put Nelson Peltz on its board, days after Peltz and his firm, Trian, launched a proxy fight with the entertainment giant. "Mr. Peltz (or a qualified designee) would make a fantastic addition to Disney's Board." Trian oversees about $3 billion in Disney stock, but the overwhelming bulk of the shares is owned by Perlmutter, whom Disney laid off earlier this year. Trian is seeking more than two seats on Disney's board, which is populated by directors seen as loyal to Iger. Ancora owned more than 60,000 shares of Disney as of September, according to FactSet.

Persons: Ancora, Disney, Nelson Peltz, Peltz, Bob Chapek, Bob Iger, Ike Perlmutter, Trian, Perlmutter, Iger Organizations: Board, Trian Fund Management, Disney's, Disney, Marvel, CNBC PRO Locations: Trian

☆ Elon Musk is beefing with Paris Hilton now
▼ + stars: | 2023-12-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk says he didn't find the advertising campaign for Paris Hilton's cookware "super convincing." Musk has been on the warpath with advertisers of late as more companies pull ads from X. AdvertisementIt looks like Elon Musk is training his furor at advertisers on a brand new target — Paris Hilton. Besides advertising her cookware on X, Hilton has also promoted her products on Instagram and TikTok. Representatives for Musk and Hilton did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: Elon Musk, Musk, —, Paris Hilton, Linda Yaccarino, he's, Hilton, hasn't, Hey Bob, Bob Iger Organizations: Service, Disney, IBM, New York Times DealBook, Musk, Business Insider Locations: Paris

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