Walt Disney (DIS) could sell more films and TV series to rivals - Bloomberg
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Morgan Stanley believes Disney (DIS) can deliver growth
February 6, 2023 7:38 AM ESTMorgan Stanley reiterated an Overweight rating and $115.00 price target on Disney (NASDAQ: DIS) ahead of the mass media companys 1Q23 earnings report. Analyst, Benjamin Swinburne remains optimistic that Disney's Parks segment, which represents the majority of its earnings, can deliver healthy growth in... More
Walt Disney (DIS) exploring sale of more films and TV series to rivals - Bloomberg
February 3, 2023 1:19 PM ESTWalt Disney (NYSE: DIS) exploring sale of more films and TV series to rivals - Bloomberg
... MoreWalt Disney (DIS) Underscores Board Strength and Focus on Value Creation, Sends Letter to Shareholders
February 2, 2023 3:18 PM ESTThe Walt Disney Company Board of Directors (NYSE: DIS) today responded to materials issued by the Trian Group. The Disney Board of Directors is focused on delivering long-term sustainable value and continually works to ensure it is comprised of the right mix of experience, skills and perspectives to guide Disney, particularly as it navigates this dynamic period.
The Disney Board of Directors does not endorse Nelson Peltz (or his son Matthew, who is running as an alternate Mr. Peltz may swap in) as a nominee, and believes the election of... More
Walt Disney (DIS) believes Peltz election to board would threaten its efforts
February 2, 2023 2:52 PM ESTWalt Disney (NYSE: DIS) announced:
Dear Fellow Shareholder,
We want to thank you for your investment in, and commitment to, The Walt Disney Company.
Your Board is committed to delivering sustainable, superior shareholder value. Over the last several years, we have focused on ensuring that the Board has the right combination of experience, skills and perspectives to guide Disney through a period of unprecedented change in the media business. We recently added a new Director, Carolyn Everson, a well-respected leader with deep experience in roles at complex global companies and a strong... More
Peltz's Trian seeks to rally Disney shareholders against board director Froman
February 2, 2023 7:36 AM ESTBy Svea Herbst-Bayliss
NEW YORK (Reuters) -Activist investor Nelson Peltz's hedge fund Trian Fund Management wrote to Walt Disney Co shareholders on Thursday to make the case for replacing the media and entertainment conglomerate's board director Michael Froman.
Trian, which owns a roughly $1 billion stake in the home of Mickey Mouse, has asked Disney shareholders to drop Froman a former U.S. Trade Representative from the company's 12-member board and elect Peltz instead.
Trian did not spell out in the letter why it had picked Froman to target among the Disney directors, but suggested that Peltz was... More