Data News > Disney's Victory Over Activist Investor Nelson Peltz
- Disney has won the proxy battle against activist investor Nelson Peltz
- Shareholders voted in favor of Disney's incumbent board members
- Analysts believe that Peltz's pressure helped boost Disney's stock price
- Disney CEO Bob Iger announced plans for a new ESPN streaming service
- Attention now shifts to finding a successor for CEO Bob Iger
The Walt Disney Company (DIS) has emerged victorious in its battle with activist investors Nelson Peltz and Blackwells, as shareholders have cast their votes in favor of Disney's incumbent board members. Despite this win for Disney, analysts believe that Peltz's pressure did help spur some change at the company, ultimately boosting the stock price.
The highly anticipated resolution to the ongoing proxy battle between activist investor Nelson Peltz and Disney has been reached, with shareholders siding with Disney and allowing the company's incumbent board of directors members to retain their positions. Disney shareholder Robert Schein believes that this outcome isn't a defeat for Peltz.
Laura Martin, a senior media and internet analyst at Needham & Co., has stated that Disney needs to cut costs on the streaming side to achieve profitability. This comes after Disney CEO Bob Iger announced plans for a new ESPN streaming service, which will be available through Disney+ in 2025.
Ben Silverman, co-CEO at Propagate Content, has emphasized the need for streaming mergers to happen for companies to be successful, shedding light on Disney's future in the streaming landscape. Meanwhile, Doug Creutz, an analyst at TD Cowen, has discussed Disney's succession plan following the proxy fight victory.
Nancy Tengler, CEO of Laffer Tengler Investments, has expressed that Disney's proxy battle results are a win for shareholders, emphasizing the significance of this outcome for Disney's leadership. The battle has been closely watched, serving as a referendum on Disney's efforts to reinvigorate its film and television franchises, make its streaming business profitable, and find partners to help build sports network ESPN's digital future.
Disney has emerged victorious in its proxy battle against activist investor Nelson Peltz, with shareholders voting in favor of the company's incumbent board members. The attention now shifts to finding a successor for CEO Bob Iger, as Disney continues to navigate its future in the streaming landscape.
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Disney's Victory Over Activist Investor Nelson Peltz
By KlickAnalytics Data Insights | April 3, 2024 08:01PM ET
Key Points
- Disney has won the proxy battle against activist investor Nelson Peltz
- Shareholders voted in favor of Disney's incumbent board members
- Analysts believe that Peltz's pressure helped boost Disney's stock price
- Disney CEO Bob Iger announced plans for a new ESPN streaming service
- Attention now shifts to finding a successor for CEO Bob Iger
The Walt Disney Company (DIS) has emerged victorious in its battle with activist investors Nelson Peltz and Blackwells, as shareholders have cast their votes in favor of Disney's incumbent board members. Despite this win for Disney, analysts believe that Peltz's pressure did help spur some change at the company, ultimately boosting the stock price.
The highly anticipated resolution to the ongoing proxy battle between activist investor Nelson Peltz and Disney has been reached, with shareholders siding with Disney and allowing the company's incumbent board of directors members to retain their positions. Disney shareholder Robert Schein believes that this outcome isn't a defeat for Peltz.
Laura Martin, a senior media and internet analyst at Needham & Co., has stated that Disney needs to cut costs on the streaming side to achieve profitability. This comes after Disney CEO Bob Iger announced plans for a new ESPN streaming service, which will be available through Disney+ in 2025.
Ben Silverman, co-CEO at Propagate Content, has emphasized the need for streaming mergers to happen for companies to be successful, shedding light on Disney's future in the streaming landscape. Meanwhile, Doug Creutz, an analyst at TD Cowen, has discussed Disney's succession plan following the proxy fight victory.
Nancy Tengler, CEO of Laffer Tengler Investments, has expressed that Disney's proxy battle results are a win for shareholders, emphasizing the significance of this outcome for Disney's leadership. The battle has been closely watched, serving as a referendum on Disney's efforts to reinvigorate its film and television franchises, make its streaming business profitable, and find partners to help build sports network ESPN's digital future.
Disney has emerged victorious in its proxy battle against activist investor Nelson Peltz, with shareholders voting in favor of the company's incumbent board members. The attention now shifts to finding a successor for CEO Bob Iger, as Disney continues to navigate its future in the streaming landscape.
For more information:
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