Wall Street loves Disney's kitchen-sink quarter, but Nelson Peltz says he isn't backing down
Publishing timestamp: 2024-02-08 10:47:20
Summary
Disney made several announcements to excite investors, including the launch of its ESPN streaming service, the debut of Taylor Swift's film on Disney+, and various content and partnership announcements. The company's shares jumped after posting earnings and making these announcements, which were seen as a direct rebuttal to activist investor Nelson Peltz. Peltz has launched a proxy fight against Disney, but the company is focused on its growth and strategy.
Sentiment: MIXED
Tickers: DIS,
Keywords: media, breaking news: business, business news, walt disney co, technology,
Source: https://www.cnbc.com/2024/02/07/disney-q1-earnings-nelson-peltz-isnt-abandoning-proxy-fight.html