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Disney's cinematic drought may have opened a door for activist investor Peltz - TL;DR CNBC

Disney's cinematic drought may have opened a door for activist investor Peltz

Publishing timestamp: 2024-04-02 09:24:33


Summary

Disney has struggled to return to its box-office success of 2019, leading to activist investor Nelson Peltz seeking a board seat. Peltz has criticized Disney's recent box-office performance and creative decisions, while Disney CEO Bob Iger has acknowledged the need for change. Analysts predict a turnaround for Disney in 2026 with a strong movie slate.


Sentiment: MIXED

Tickers: DIS

Keywords: moviesbusiness newsbusinessmediaentertainmentlifewalt disney cobreaking news: business

Source: https://www.cnbc.com/2024/04/02/disney-cinematic-drought-peltz-proxy-fight.html


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