Disney's CEO successfully fended off investor Nelson Peltz, and now there are reports the activist is gone for good. But the House of Mouse still needs to prove itself to Wall Street.
Disney investors appear at ease after activist investor Nelson Peltz reportedly hit the road. Shares of the media conglomerate rose Thursday, even as the broader market traded sharply lower, after CNBC reported Peltz’s firm, Trian Partners, had dissolved its entire $3.5 billion stake at $120 per share. Trian declined FOX Business’s request for comment. Disney did not immediately respond to a request for comment.
While we’re anticipating a softer third quarter due in large part to the seasonality of our India sports offerings, we fully expect streaming to be a growth driver for the company in the future, and we have prioritized the steps necessary to achieve this," Iger added. Iger also promised to help manage Marvel Entertainment with the focus on quality versus quantity after a string of disappointing films.
Investors are really looking for where is that great content? All of those franchises Disney owns and controls, where is the success of that content?" Rich Greenfield, Lightshed Ventures Partner, said during an appearance on "The Claman Countdown" ahead of Disney’s results.
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