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Peltz lacks “the skills and experience” – Disney

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2 years ago

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The boardroom battle between Disney CEO Bob Iger and activist investor Nelson Peltz has ratcheted up.

The entertainment giant slammed Peltz in a letter to shareholders, defending its decision to deny him a board seat.

The letter implied he “lacked the skills and experience” to help the media and entertainment giant.

The searing comments came after Peltz formally launched a fight for a board seat to rescue Disney from what he called a “crisis” of overspending on its Disney+ streaming business, its purchase of 21st Century Fox and failed succession planning.

The billionaire’s move pits Peltz against Iger, who recently returned from retirement to lead Disney for a second time.

Disney said it was already working to improve profitability at Disney+ and that it was rolling out broader cost-cutting measures.

Peltz’s Trian Fund Management owns a .5% stake, or roughly $900 million in Disney,

Investors may vote this year on whether he should sit on the company’s board.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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