Bob Iger wins again. Activist shareholder stands down in Disney board battle | CNN Business

Peltz, who demanded changes at Disney\n \n and a seat on the company’s board, declared defeat after Iger announced many of the cost-cutting initiatives Peltz had been demanding. At the conclusion of Iger’s half-hour interview with CNBC on Thursday, Peltz said he was dropping his bid. “The proxy fight is over,” a spokemsan for Peltz told CNN in a statement on Thursday. “This is a win for all shareholders.

Although Iger wouldn’t speculate about whether Disney would buy or sell its two-thirds stake in the streaming platform, he noted that he has been weighing what to do with Hulu. Wall Street analysts had widely expected Disney to buy the rest of the Hulu stake, owned by rival Comcast\n \n . Iger also said that while streaming is the future of the company, “its not the only future.

Disney has lost our trust. We will not let our grandchildren watch it anymore except with our approval. And that is because they are putting our beloved kids black and white against each other. This is very disturbing in our society today.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
Source: MarketWatch - 🏆 3. / 97 Read more »

Disney will report earnings for the first time since Bob Iger's return – what to expectDisney reports fiscal first-quarter earnings after the bell. This is Bob Iger's first earnings release since returning as CEO in November. Expect the unexpected! 🤔
Source: CNBC - 🏆 12. / 72 Read more »