Disney
Disney Enlists Prof. Ludwig Von Drake to Help Fend Off Activist Investors
Disney is calling on Professor Ludwig Von Drake as its reinforcement in its board battle against Nelson Peltz and his Trian Partners. The media and entertainment giant released an animated video Monday urging shareholders to vote, but only for the company’s preferred board members. The Austrian duck, who is uncle to Donald and an expert […]
- By
Disney’s Activist Investor Showdown Set for April 3 Shareholder Meeting
The Walt Disney Co.’s board battle with Nelson Peltz and his Trian Partners now has an end date: April 3, 2024. That’s the day that Disney has scheduled its annual shareholder meeting, in which Peltz’s Trian and another activist Blackwells Capital have submitted their own names to join Disney’s board. Trian is targeting Disney directors […]
- By
Disney Activist Investor Reveals Which Board Members He’s Targeting to Oust
Nelson Peltz’s battle to join the Disney board has crossed another crucial step. Peltz’s Trian Partners on Wednesday released its preliminary proxy statement, in which it said it would ask shareholders to withhold their votes for current Disney board members Michael B.G. Froman and Maria Elena Lagomasino, and instead vote for Peltz and former Disney […]
- By
Jeffrey Wright to Accept AIS Distinguished Artist Award
Jeffrey Wright will receive the Advanced Imaging Society’s inaugural Distinguished Artist Award in recognition of his performance in American Fiction. Also during the AIS’ upcoming Lumiere Awards, which will be presented Feb. 9 at the Beverly Hills Hotel, The Walt Disney Studios’ research and innovation teams DisneyResearch|Studios and StudioLAB will be honored with the Society’s […]
- By
Writer on Canceled ‘Lizzie McGuire’ Reboot Reveals Dramatic Plot Details
Though the Lizzie McGuire reboot never made it to air, writer Jonathan Hurwitz is opening up about what storylines fans could have expected in the first few episodes. The show, which was set to follow a grown-up version of Hilary Duff’s character from the 2001-04 Disney Channel series, was canceled in 2020 due to creative differences […]
- By
Nelson Peltz Nominates Himself and Jay Rasulo to Disney’s Board as Proxy Fight Officially Kicks Off
Disney is officially facing its second proxy fight in as many years, with Nelson Peltz’s Trian Partners officially nominating the activist investor and former Disney CFO Jay Rasulo to the entertainment company’s board of directors. Trian formally nominated Peltz and Rasulo on Thursday morning, after previously announcing their plans in December. Trian’s preliminary proxy filing […]
- By
‘The Marvels’ Is Now Streaming: Where to Watch the New Marvel Cinematic Universe Movie Online
After taking in a soft $206 million at the worldwide box office, The Marvels is finally available to stream at home. If you missed it in theaters, now is your chance to catch up with the superhero movie before the next Marvel Cinematic Universe entry Deadpool 3 comes out in July 2024. Want to watch […]
- By
Bob Chapek Books First Post-Disney Gig: Board Seat at Medical Device Firm Masimo
Former Disney CEO Bob Chapek has found his next gig. The executive is joining the board of directors of Masimo, the medical device company currently embroiled in a dispute with Apple over certain features of the tech giant’s Apple Watch. Imports of the Apple Watch were halted after Masimo accused the company of infringing on […]
- By
Disney Formally Rejects Nelson Peltz’s Board Nominees; Iger’s Pay Hits $31.6M
Amid an activist investor fight with Nelson Peltz and his Trian fund, the Bob Iger-led Disney formally rejected nominations that Peltz offered for the board of directors and put forward its own slate. Disney’s board presented these nominees: Mary T. Barra, Safra A. Catz, Amy L. Chang, D. Jeremy Darroch, Carolyn N. Everson, Michael B.G. […]
- By
Disney Settles Breach of Contract Suit From Film Financier TSG Over Accusations of “Hollywood Accounting”
Disney and 20th Century Studios have settled a breach of contract lawsuit from film financier TSG Entertainment, which accused them of withholding profits and self-dealing to boost subscriber numbers for their streaming platforms. Lawyers for both sides notified the court on Jan. 5 of a deal to resolve the dueling suits. Terms of the agreement […]
- By
Workers at Disney’s Traveling Lab Vote to Unionize With the Animation Guild
Animation workers at Disney’s Traveling Lab have voted to unionize with the Animation Guild in a move that continues to expand the union’s membership outside of the L.A. area. Out of nine ballots counted in a National Labor Relations Board election on Thursday, nine workers at the Lab — who live outside of L.A. County […]
- By
Pixar Bracing for Possible Layoffs This Year
Layoffs are expected to hit Disney-owned Pixar Animation Studios later this year. Tech Crunch, which first reported the news, suggested that this could affect as much as 20 percent of Pixar’s 1,300 workforce, though The Hollywood Reporter understands this estimate is higher than what is actually being planned. According to Tech Crunch, layoffs may include […]
- By