Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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Apr- 2024 -3 April
Despite His Win, Proxy Battle Has Left Bob Iger “Humiliated and Humbled”
The long Walt Disney Company nightmare is seemingly over. After nearly 14 months of fighting, Disney shareholders voted against activist investor Nelson Peltz and his slate of Disney Board members, instead approving Disney CEO Bob Iger and his slate. It wasn't close. Peltz lost by a two to one margin, sources told @sherman4949. Rasulo lost by 5 to 1 margin. "That person characterized it a
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3 April
The Results Are IN: Disney Wins, Peltz Loses
According to insider information, and now confirmed by an official count, Nelson Peltz has lost his challenge to the Disney board, with Bob Iger and the company coming out victorious. For months now, activist investor Nelson Peltz has been waging a war against the Walt Disney Company for board seats. His primary argument? Disney (and Bob Iger) doesn't know what it's doing when it comes to its stra
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1 April
April 1 Introduces Disney’s New Chief Diversity, Equity and Inclusion Officer?
Elon Musk is taking shots at the Walt Disney Company and Disney CEO Bob Iger once again with a tweet that sent many into a tizzy. In recent times, Disney has found itself in an unexpected feud with none other than the highly influential billionaire, owner of SpaceX, and Tesla CEO Elon Musk. The clash between Musk and Disney has been fueled by Musk's vocal criticisms of Disney's latest “woke&
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1 April
Bob Iger and Disney Are About to Make a Massive Mistake
This week, the Walt Disney Company and its CEO, Bob Iger, find themselves in the fight of their lives. On April 3, Disney shareholders will meet to vote on a new Board of Directors. Iger is facing off against activist investor Nelson Peltz. Peltz and his Trian Fund Management own around two percent of Disney. He is seeking two sets on Disney's Board, including one for himself and significant chang
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1 April
Actor Louis Gossett, Jr., Dead at Age 87
Louis Gossett Jr., the iconic actor whose performances graced screens big and small for over six decades, passed away peacefully on March 29, 2024, at the age of 87. His death marks the end of an era in Hollywood, leaving behind a legacy of talent, passion, and activism. A Love For Acting From an Early Age Born on May 27, 1936, in Sheepshead Bay, New York, Gossett found his love for acting at an e
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Mar- 2024 -30 March
April 3 Will Define Disney For Decades to Come
April 3 will make a significant day in the history of the Walt Disney Company. It's not the day a new movie or ride at Walt Disney World will be released. Instead, April 3 will make the Walt Disney Company's Annual Shareholder meeting. Most years, there isn't much news coming out of that meeting, but this year, it will end a year-long proxy fight with activist investor Nelson Peltz. Mr Peltz and h
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30 March
With the Disney/DeSantis Battle Over, Who Actually Won?
After nearly two years of battle, the feud between the Walt Disney Company and Florida Governor Ron DeSantis came to an unexpected end. It wasn't after a prolonged legal fight that bloodied both sides; instead, the end came with a whimper. But after years of fighting and some very harsh things said on both sides, can these two sides find a way to work together? At least for now, both sides have st
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30 March
A Three-Day Event Will Force One Disney World Theme Park to Close Early This Summer
An upcoming three-day event will cause one of Disney World's four theme parks to close early this summer. Dreamin' About That Summer Disney Trip? For guests who love returning to the parks at the Walt Disney World Resort time and time again (yes, we're looking at you, Disney Adults), there's perhaps nothing more thrilling and exciting than looking at the calendar, picking the dates for the next vi
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29 March
Disney Hit With New Lawsuit Ahead of D-Day on April 3
The Walt Disney Company can't seem to catch a break; the company was hit with yet another lawsuit, this time from Blackwells Capital, LLC. Over the past few years, Disney has been embroiled in multiple high-profile lawsuits. Whether it was its fight with Florida Gov. Ron DeSantis (that it has now backed down from) or even constant lawsuits from injured guests at the parks, Disney has more than had
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29 March
With Their Feud Seemingly Over, DeSantis Encourages Disney World to Build a Fifth Gate
In a surprise twist this week, the Walt Disney Company announced that it had reached a deal to end its legal fight with the Central Florida Tourism Oversight District and pause its lawsuit against Florida Governor Ron DeSantis. This ends the years-long battle between Gov DeSantis and the state's largest employer over the loss of the Reedy Creek Improvement District. Related:Â Experts ‘Can't I
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