'Iger’s victory comes at a key juncture for a company that has found itself at the center of wider American culture wars as it attempts to navigate dizzying changes in the media landscape, including the rise of streaming, the decline of traditional television and growing competition from social media.

During the pandemic, Disney saw its shares climb to all-time highs amid the belief that streaming revenues would surge — but the stock price sank to fresh lows soon after as the company struggled with how to succeed Iger, who left the company in 2020 and then returned two years later.

Today, Disney's share price, at about $122, is little changed from where it was some 10 years ago — a fact that earned the ire of so-called activist investors like Peltz who buy up shares of companies on the open market in the hopes of installing board members they believe can make decisions that lead to greater investor returns.

Disney's challenges are real. The heavily marketed Disney+ streaming platform is not profitable, though Iger has said he expects it will be by the end of this year. Business analysts say Disney's Marvel and Star Wars franchises have lost steam. ESPN, which Disney has effectively controlled since the 1990s, continues to lose traditional TV viewers in the wake of the cord-cutting revolution.';

'"They're trying to do a lot of things at the same time, rather than focusing on one thing and really nailing it," Rich Greenfield, co-founder of the LightShed Partners research group, told CNBC last week.

Disney is also paying almost $9 billion to Comcast for Hulu, which has said it plans to relaunch. NBC News is wholly owned by Comcast.

The latest anti-Iger push was led by Trian Partners, an activist hedge fund run by Peltz, a businessman known for investing in or acquiring companies with the goal of juicing their share prices.

In a January interview on CNBC, Peltz laid out his case for overhauling Disney's leadership, saying that the company was not being run "properly" and that its board lacked oversight.

“They promised they were going to improve things. I took them at their word,” he said. “Things got worse. The stock went down. Results got worse. So, no more. I can’t continue to give them more opportunities.”

Peltz has also railed against Disney's efforts to produce more diverse and inclusive entertainment. In a recent interview with the Financial Times, for example, he took aim at Marvel projects that he said were too squarely focused on gender and racial diversity.

"Why do I have to have a Marvel that’s all women?" he said. "Not that I have anything against women, but why do I have to do that? Why can’t I have Marvels that are both? Why do I need an all-Black cast?"';

'In the run-up to Wednesday's vote, Disney's current directors rejected the plan by Peltz and fellow activist group Blackwells, saying that the billionaire "had not actually presented a single strategic idea for Disney" and that he lacked necessary subject-matter experience.

Iger's regime received public support from boldfaced names such as Star Wars creator George Lucas; JPMorgan Chase CEO Jamie Dimon; Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs; and Disney family members like Abigail E. Disney.

In recent days, Iger also won the support of key institutional shareholders such as BlackRock and T. Rowe Price.

Peltz nabbed some crucial endorsements of his own, however. ISS, a leading proxy advisory firm, sided with the activists and slammed Disney's succession planning. The California Public Employees' Retirement System (CalPERS), one of the largest pension funds in the country, backed Peltz as well.

Iger has long been considered one of the titans of the modern entertainment industry, celebrated for his management acumen and creative chops. In his first run at Disney, he turned the company into a global powerhouse by acquiring marquee brands, such as Pixar, Marvel, Lucasfilm and 21st Century Fox.

But that reputation has been dented in his second stint amid high-profile skirmishes with Peltz, tech mogul Elon Musk and Florida Gov. Ron DeSantis, who waged a legal battle against the company after it publicly criticized his state's "Don't Say Gay" law curbing classroom discussions of sex and gender.

Iger attempted to rebut Peltz and woo Wall Street during Disney's quarterly earnings call in February. He announced a range of eye-catching initiatives, including an investment in the maker of the "Fortnite" game, plans to launch a sports streaming service in 2025, and a feature-length animated sequel to "Moana" due in theaters in November.';

'As long as Black Rock is involved, I don't have trust in anything what Iger is saying.';

'>>1284266
>>1284265
>>1284263
>guy who wants a higher RoI for his shares is an activist
>blackrock, a company that uses public pension money and therefore doesn't give a shit about RoI and therefore pushes politics is an institutional investor
what?';

'>>1284270
>>1284272
>>>/x/';

'>>1284273
it isn't a fucking conspiracy theory
blackrock admits to doing ESG
https://www.bloomberg.com/news/articles/2024-02-13/blackrock-is-global-leader-in-esg-thanks-to-passive-funds
https://www.blackrock.com/us/financial-professionals/investment-strategies/sustainable
blackrock runs public employee pension funds
https://www.barrons.com/articles/blackrock-is-playing-politics-with-public-pensions-51590661589
https://treasurer.mo.gov/newsroom/news-and-events-item?pr=80669a5f-5c6b-491f-a0f0-6abe4c012604
https://www.blackrock.com/institutions/en-us/our-clients/public-pensions
https://www.pionline.com/esg/oklahoma-pers-will-keep-blackrock-state-street-after-approving-divestment-exemption
biden used his first ever veto to block a bipartisan bill that would have forced companies running public employee pension funds to act as fiduciaries because dems want blackrock to push politics
https://www.reuters.com/business/sustainable-business/biden-vetoes-resolution-block-labor-dept-rule-esg-investing-2023-03-20/';

'>>1284287
Faggots think we just make this shit up for some reason.
And it's weird how people more likely to be communist are more likely to try to convince people this shit isn't real.';

'>>1284287
It is a big tinfoil hat conspiracy theory which belongs on r/conspiracy and so do you
https://www.investopedia.com/articles/markets/102715/top-5-disney-shareholders.asp
Top 3 Institutional Shareholders

Institutional investors hold the majority of Disney's shares at about 67.49% of total shares outstanding as of March 2024.9
Vanguard Group Inc.

Vanguard Group owns 146.3 million shares of Disney, representing 8% of total shares outstanding, according to the company's preliminary proxy filing for 2024.10

U.S. Securities and Exchange Commission. "Schedule 14A, Preliminary Proxy Statement, January 16, 2024." Page 111.

The company is primarily a mutual fund and ETF management company with about $7.6 trillion in global assets under management (AUM).11 The Vanguard S&P 500 ETF (VOO) is one of the company's largest exchange-traded funds (ETFs) with about $1.1 trillion as of February 2024.12
BlackRock Inc.

BlackRock owns 120.9 million shares of Disney, representing 6.6% of total shares outstanding, according to the company's preliminary proxy filing for 2024.10

The company is primarily a mutual fund and ETF management company with approximately $9.09 trillion in AUM.11 The iShares Core S&P 500 ETF (IVV) is among one of BlackRock's largest ETFs with approximately $404.4 billion in AUM as of March 2024.13
State Street Corp.

State Street owns 75.67 million shares of Disney, representing 4.13% of total shares outstanding.9

The company is primarily a manager of mutual funds, ETFs, and other assets with approximately $4.13 trillion in AUM.14 The SPDR S&P 500 ETF Trust (SPY) is among one of State Street's largest ETFs with approximately $479.2 billion in AUM.15


tl;dr blackrock are not the majority shareholder like you claim they are and don't have the power to enforce whatever fictional agenda you think they have';

'>>1284288
Just because you lack the imagination to make a grandiose tinfoil conspiracy theory doesn't mean the conspiracy theory is true faggot';

'>>1284290
blackrock literally says on their own fucking website they use the money they manage to push ESG you jewish fucking shill';

'>>1284298
>oh no, a website said it
Coca Cola says on their website it's the best drink in the world but I think they're lying. Jesus christ grow up kid.';

'>>1284287
>companies running public employee pension funds to act as fiduciaries because dems want blackrock to push politics
Aside from the fact that the entire stock market is a scam to enrich the already rich, pension and other fund managers in most cases already have a legal responsibility to act as a fiduciary to their clients. Just because a minority of rightoids have decided to ignore that and demand that fund managers do what they're already supposed to do because somehow if they invest in a company that says "it's 2024 and it's unpopular and in many cases illegal to be discriminatory so we'll work on not doing that" or they decide that a company focused on righting past wrongs has a better long term future than one that doesn't, it must be evil woke ESG DEI tranny commies ruining everything.';

'>>1284298
luckily you don't have to be a jew to point out how stupid your tinfoil conspiracy theory is';

'>>1284299
>blackrock is lying on their website and financial statements when they say they are doing ESG
weird jewish conspiracy theory you got there
>>1284301
>blackrock doing literally what they say they are doing on their own website is a conspiracy theory';

'>>1284300
if that was the case, why did brandon veto a bill that would have required public employee pension fund managers from acting as fiduciaries?
weird how many paid jewish shills are showing up in this thread';

'>>1284292
Hi. Kill yourself.';

'>>1284304
https://www.dol.gov/general/topic/retirement/fiduciaryresp
>The Employee Retirement Income Security Act (ERISA) protects your plan's assets by requiring that those persons or entities who exercise discretionary control or authority over plan management or plan assets, anyone with discretionary authority or responsibility for the administration of a plan, or anyone who provides investment advice to a plan for compensation or has any authority or responsibility to do so are subject to fiduciary responsibilities.
It sure sounds like the president vetoed it because existing law already requires pension plans to be run in a fiduciary capacity and right wingers just wanted to ban investors from making a fully informed free choice for their clients because they hate that businesses might see diversity as profitable.';

'>>1284302
They don't have the institutional power to do anything, moron, can you read numbers?
>>1284305
The truth is painful for you I know';

'>>1284263
>Nelson Peltz
Jew versus Jewish ideological investing? Crazy.
We're still gonna free Palestine.';

'>>1284312
Where can I get my free Palestine?';

'>>1284307
the bill only came up after biden did an EO ease restrictions on the ERISA after the trump admin had been enforcing it.
also fuck off with your >existing law, bullshit. dems in illinois are trying to make people do 3 background checks to buy a gun even though they already have double universal background checks and dem states keep passing gun laws that are either already federal law or already the law of the state who just passed a second law doing the same thing as the first
>>1284308
the OP article literally says blackrock formed a coalition with other shareholders to protect iger and add more black trannies to disney movies you iliterate jew';

'>>1284317
deep breaths';

'>>1284317
Not sure what the whole gun tirade has to do with this, I agree that we don't need more laws demanding background checks we need to enforce laws already on the books. I also think it's perfectly valid for the president to explicitly tell pension managers that yes, they can do what insurance companies, the military, and every other institution that considers long term plans does, and consider the impacts of climate change or racism and the economic impact that could have on their investments. It really seems like you're upset about this pretty common sense stuff and I just can't say I get it, anon.';

'>>1284319
>Not sure what the whole gun tirade has to do with this,
that dems are fine with making redundant laws when its shit that their voters want to ban even if it makes no sense
>I also think it's perfectly valid for the president to explicitly tell pension managers that yes, they can do what insurance companies, the military, and every other institution that considers long term plans does, and consider the impacts of climate change or racism and the economic impact that could have on their investments. It really seems like you're upset about this pretty common sense stuff and I just can't say I get it, anon.
go read OP, you jewish shill. ESG literally causes a lower RoI. That is the entire point. Disney has lost money on a bunch of their recent films and isn't making their stock prices go up because they are pushing ESG/DEI shit. ESG is literally about forcing incompetent people into leadership positions based meeting race/gender/gay quotas instead of putting qualified people in hose jobs. that is why so many tv shows and films are tanking and why so many video games are tanking. and again, blackrock doesn't care because it isn't their money. they don't give a shit about the RoI on public employee pensions.';

'>>1284322
do you guys all figure out what buzzwords to bitch about at a meeting or something?';

'>>1284322
>that their voters want to ban even if it makes no sense
Their voters don't even care. They do take massive donations from faggots and the anti-gun lobby though.';

'>>1284323
blackrock literally has these words on their own website, they brag about it.';

'>>1284325
and conservatives told us they're all domestic terrorists at their own convention. little more concerning that you being offended by minorities, ya know';

'>>1284327
Says the ideology of firebombing ICE facilities to free the Mexican buttsecks and shooting Christian school children to defend aggressive dress-up fantasies.';

'this fucking board';

'>>1284322
Oh, so Disney didn't report profits this year? Or last year? The black little mermaid didn't profit at the box office? Disney's stock price and profits have failed to rebound enough from the 2020 dip the entire economy suffered and that's ESG/DEIs fault?
I guess I'm confused because the OP article is literally about how the majority of Disney investors decided the current leadership and direction is preferable to the proposed alternative and the decision was made by investors who presumably want an ROI or bear responsibility to their funds. So should I listen to those people who voted with their wallets and the fiscal data that says Disney is still an immensely profitable company, or you, an anon on 4chan who thinks that one of the largest capital investment firms in the country is trying to... not profit from its investments?';

'>>1284322
>Disney has lost money on a bunch of their recent films and isn't making their stock prices go up because they are pushing ESG/DEI shit.
ah yes it was surely ESG that made people not interested in paying 30 bucks to go see... Uh... Wish? Haunted Mansion? Oh yeah some real choice films that totally would have been big if only they didn't cast a black lady for a part or whatever.

Or maybe they can't all be zingers and even the mouse has to take an L from time to time';

'>>1284330
Blackrock favors ESG. And they're literally the people leftists say they want to eat.
I'm not sure how they tricked homosexual retards into defending them.
Oh wait homosexuals are mentally ill idiots, so it makes sense.';

'>>1284332
people are just calling you sensitive and a liar, it's not that deep';

'>>1284334
Yeah this basically';

'>>1284327
>and conservatives told us they're all domestic terrorists at their own convention.
CITATION NEEDED';

'>>1284290
>r/
Go back';

'>>1284337
https://www.snopes.com/fact-check/cpac-banner-domestic-terrorists/

https://twitter.com/astroehlein/status/1558047286277595136?lang=en';

'>>1284330
>The black little mermaid didn't profit at the box office?
probably didn't. return of the jedi didn't make any profits and all the harry potter films lost money
>Disney's stock price and profits have failed to rebound enough from the 2020 dip the entire economy suffered and that's ESG/DEIs fault?
literally yes. getting half the country to hate your culture war shit isn't how you make money as a media company
>I guess I'm confused because the OP article is literally about how the majority of Disney investors
ESG investers using public employee pension money and not their own and therefore don't give a shit about RoI
> So should I listen to those people who voted with their wallets and the fiscal data that says Disney is still an immensely profitable company
where are the profits? stock prices are stagnant. Where is the RoI? iger is only in power because the previous DEI CEO fucked up
>or you, an anon on 4chan who thinks that one of the largest capital investment firms in the country is trying to... not profit from its investments?
blackrock literally does not give a shit about RoI for public employee pension funds because it isn't their money';

'>>1284331
disney is literally making retarded dei films with blacks and gays and trannies no one wants to see. if they made good movies they would make more money. its literally ESG/DEI causing them to choose to make bad films';

'>>1284339
>snopes
got a real source and not just some dude who lives with a hooker and a cat?';

'>>1284343
closing your eyes doesn't make reality disappear, dumb baby';

'>>1284342
why are you angry?';

'>>1284341
>probably didn't
Disney has revealed that the cost of making the live action version of its classic cartoon The Little Mermaid swelled to nearly $300 million by the end of August last year, eight months before the movie opened. It grossed $298.2 million in the United States and Canada, and $271.4 million in other territories, for a worldwide total of $569.6 million. Return of the Jedi was released in 1983 before Disney owned Lucasfilm, and Harry Potter is not owned now nor has it ever been owned by Disney.
>All this whining about stock prices and profits
Except that every financial report I can find says Disney is still profitable, its profits rose this year vs last year, it's stock price is "stagnant" only if you look at less than 5 years of data which includes the wild swings of the covid market, almost every fund and index says it's a buy, and these investors at blackrock and other places literally have a fiduciary duty to invest pension funds properly under penalty of lawsuit or federal jail if they don't do so.
Again, do you have any evidence besides "probably?"

>>1284342
So the only reason people don't want to go to the theater to watch Disney movies is DEI/ESG? It couldn't be the quality of the animation or the ever increasing prices at the theater or a rejection of corporate media, it must be because the little mermaid was a black girl?';

'>>1284354
People are rejecting corporate media because the Little Mermaid was black.
Cognitive dissonance in action.';

'>>1284355
The Little Mermaid taking in almost double it's budget at the box office doesn't sound like a rejection of corporate media to me';

'>>1284357
The original exceeded 6 times it's budget at the box office.
I wonder if the blackness of the mer-them was an issue that contributed to it's lack of legendary performance.';

'>>1284354
>Disney has revealed that the cost of making the live action version of its classic cartoon The Little Mermaid swelled to nearly $300 million by the end of August last year, eight months before the movie opened. It grossed $298.2 million in the United States and Canada, and $271.4 million in other territories, for a worldwide total of $569.6 million.
did that include shit like marketing? I'm sure disney didn't report the film as making them money when they filed their taxes
>Except that every financial report I can find says Disney is still profitable, its profits rose this year vs last year, it's stock price is "stagnant" only if you look at less than 5 years of data which includes the wild swings of the covid market, almost every fund and index says it's a buy
so what you are saying is DEI/ESG is fucking over the stock holders and fucking over their RoI? got it.
>and these investors at blackrock and other places literally have a fiduciary duty to invest pension funds properly under penalty of lawsuit or federal jail if they don't do so.
they literally don't. brandon signed an EO saying they don't and then vetoed a bill that would have required them to be a fiduciary';

'>>1284354
>So the only reason people don't want to go to the theater to watch Disney movies is DEI/ESG? It couldn't be the quality of the animation or the ever increasing prices at the theater or a rejection of corporate media, it must be because the little mermaid was a black girl?
the reason corporate media sucks is is because of DEI and the reason the quality sucks is because of DEI writers and other workers who are bad at their jobs but have their position due to DEI quotas.';

'>>1284357
>The Little Mermaid taking in almost double it's budget at the box office
double the budget with or without marketing fees? also you know disney doesn't make all that cash right? I needs to be split over multiple different companies who do the theaters and distribution.
If disney is doing so well, why is their stock not going up?';

'white people are pussies. poltards still aren't white though';

'>>1284359
It's a remake of an already beloved movie that came out at a time of record inflation and when people go to movies less due to online streaming. I wonder if that had anything to do with it? Nah, must have been the black star.

>>1284360
>>1284362
>>1284363
A lot of buzzwords and suppositions here without any evidence beyond your feelings. Maybe take some deep breaths and try to read the financials and regulations you're speculating so much about';

'You just know these rightoids would be gleeful and praise don debtor if he signed an executive order saying a fiduciary could consider whether companies were "woke" or not but the idea that a multibillion dollar business might decide not to invest in coastal Florida because it'll be underwater in a few decades means they're just libtards who don't want to make a profit.

Btw, how is the insurance market doing down there?';

'>>1284365
biden's DoJ literally put out an order saying public employee pension managers were allowed to violate fiduciary duty to push ESG/DEI. congress passed a bipartisan bill to force the public pension managers to act as fiduciaries and biden used his first ever veto to block it.
It doesn't get more clear cut than that.
also iger literally said the previous ceo cared more about culture wars than making money
https://www.reuters.com/business/media-telecom/disney-ceo-says-company-will-quiet-noise-culture-wars-analyst-2023-09-20/';

'>>1284365
>Nah, must have been the black star.
Yeah, but not just her. The whole stupid DEI cast and DEI writers.
https://www.youtube.com/watch?v=N4ovRhX8XIM';

'>>1284370
extremely, obviously forced meme';

'I wish the redpill syndrome victims would leave';

'>>1284369
JUST BECAUSE YOU CAN PROVE IT DOESN'T MEAN IT'S TRUE!!!';

'>>1284367
you know insurance companies are pulling out of california? in my home state of NJ insurance companies are hiking rates because the dems passed a law saying the insurance companies couldn't use credit scores because that is "racist", because you know, only white people pay their bills';

'>>1284374
>in my home state of NJ
LOL. anon. don't lie to us';

'>>1284374
Due to the increased fire risk in many places yes they are also pulling out from CA, almost like that also exactly proves the point I'm making.';

'>anon tries to whatabout by asking about Cali
Man I almost have a full bingo sheet from this thread, we just need a schizophrenic to start posting about Jesus';

'>>1284377
Yes, the jackass that won't kill itself (You) is here so Jesus posting would complete the /news/ bingo card.';

'>>1284338
Why would I go back to your home?';

'>>1284380
You're on 4CHUDs acting like a faggot. Quit trying to make people think you belong here.';

'>>1284382
>>>/pol/';

'>>1284377
How many spaces if someone denies Trump's failed coup occurred?';

'>>1284417
None, but mention it as a "failed coup" is a single space because that's how BINGO works.';

'I'm angry because of children's movies';

'>>1284420
Did you make the connection yourself or did someone point out you've been trained how to think from a young age by jewish media?';

'>>1284428
I read it in the Daily Mail';

'>>1284429
Jeez you'll believe anything then.';

'The fascist right not only failed to take over Disney, but even get anti trans policies rejected.
https://www.huffpost.com/entry/disney-shareholder-meeting-reject-anti-trans-detransition-policy_n_660db90ae4b083254eaac070';

'>>1284273
What do you mean anon? Nothing is paranormal in my reply.';

'>>1284457
Tinfoilfags belong on >>>/x/';

'I know this isn't directly related to the article, but I just want to say right-wing cultural critics/reviewers/media analysts are absolutely worthless. They never review anything on the actual merits of the storytelling, the cinematography, the acting, the set design, the writing, the visual design, the gameplay, etc. For them, the value of any art/media only extends to how much promotes right-wing ideology. For example, I literally just got done watching Shot Caller maybe a half-hour ago after browsing Zeitgeist Reviews/Right Wing Tomatoes, and seeing a review praising it for displaying a white nationalist protagonist in a sympathetic light. After watching the movie, I am at a loss as to how the protagonist is supposed to garner any sort of sympathy:
>gets sent to prison in the first place because he drove drunk, ran a red light, and caused an accident that resulted in his best friend passenger getting killed
>gets involved with the Aryan Brotherhood solely for protection. Doesn't ever actually espouse any hateful views himself.
>smuggles contraband up his asshole
>shanks a guy who is alleged to be a snitch, with no evidence
>falls out of contact with his wife and son. Like, he actively tells his wife and son to forget about him because him being in prison does them no favors and he isn't a good role model
>gets blackmailed/extorted by the head Aryan Brotherhood guy into conducting a arms deal with Mexican gangsters upon getting paroled under threat of his wife and son being killed
>after getting paroled, kills his friend because he finds out the friend is a snitch
>purposefully tips off the cops/his parole officer as to the arms deal so he can get arrested again
>gets life without parole
>confronts the head Aryan Brotherhood guy and kills him to take his spot, solely to prevent any more threats to his wife and son
All of this would've been prevented had he not drove drunk. He never would've had to be an absentee father/husband, kill anyone, do a gun deal, etc.';

'>>1284503
Samefag here. Also, if he was planning on going back to prison anyway to confront the head Aryan Brotherhood guy for threatening his family, why did he have to kill his friend for being a snitch? Why couldn't he just let his friend follow through with ratting him out, and just get arrested for that? He still would've gotten a shitload of time if not life without parole anyway (felony arms deal, plus violating his parole, plus he was already on his second strike for the aforementioned drunk driving manslaughter and for shanking someone in a prison riot).';

'>>1284504
>why did he have to kill his friend for being a snitch?
It's a prison thing, you wouldn't understand';

'chuds lost';

'>>1284299
>it's not happening
the proof is in the pudding nigger';

'>>1284528
>the proof is in the pudding
the proof that you're racist, yes';

'>>1284528
blah blah chud headcanon so wild blah blah';

'>>1284530
why do communists keep using the word >chud, when it was confirmed jews in NYC live in tunnels under the city where they eat children?';

'>>1284545
Donald J. Trump';

'>>1284545
Good post';

'>>1284263
its amazing to me how much liberals since Eisner have ruined Disney.';

'>>1284724
>crying about liberals in the crying about disney movies with brown people thread';

'>>1284724
Of course it's amazing to you. You're a chud who thinks crazy made up things are real like Trump winning the 2020 election.';

'>>1284526
this but retroactively';

'>>1284726
good post';

'interesting that soi people and left wingers in general are adopting the argumentative strategies of someone with BPD';