Hollywood Democrats again might be facing conflicting loyalties and affinities, this time the race to fill the seat occupied for more than 30 years by the late Sen. Dianne Feinstein.
03.01.2024 - 12:38 / deadline.com
The Walt Disney Company has struck an agreement with ValueAct Capital Management, gaining the support of the activist investor for its board nominees at the crucial upcoming annual meeting.
According to Disney, the confidentiality pact will “facilitate strategic consultation during [the] company’s transformation.” It also allows Disney to “provide information to the investment firm and consult with ValueAct on strategic matters, including through meetings with the Disney Board and management.”
For its part, ValueAct has confirmed it will support the Disney directors board’s recommended slate of nominees at the 2024 Annual Meeting. The San Francisco-based investor, which has quietly been building a stake in Disney, has been active in transformation processes at Spotify, The New York Times, 21st Century Fox, Nintendo, Microsoft, Adobe and Salesforce.
Disney is currently in the midst of a prexy battle with another activist shareholder, Trian Fund Management, which in December made an unsolicited effort to nominate its co-founder, Nelson Peltz, and ex-Disney CFO James Rasulo to the media giant’s board of directors.
Mason Morfit, ValueAct Capital Co-CEO and Chief Investment Officer, said Disney “has the best intellectual property, sports brand and parks & experiences assets in the industry.”
“As legacy technologies transition to digital platforms, we believe Disney can lead the media industry forward,” he added. We could not be more excited to partner with Bob and the Board to help create long-term sustainable shareholder value.”
“ValueAct Capital has a track record of collaboration and cooperation with the companies it invests in, and its Co-CEO Mason Morfit has been very constructive in the conversations we’ve had over
Hollywood Democrats again might be facing conflicting loyalties and affinities, this time the race to fill the seat occupied for more than 30 years by the late Sen. Dianne Feinstein.
The Trian Group’s Nelson Peltz has formally asked Disney shareholders to elect himself, as well as former Disney executive Jay Rasulo, to the company’s board of directors at the annual meeting this spring.
Lizzie McGuire reboot, has revealed the storyline that likely caused Disney+ to drop the show.In a TikTok video, Hurwitz stated that the first two episodes of revival series had been written and shot.The first episode saw Hilary Duff‘s Lizzie living in New York City as an interior designer.
Disney announced that it was rebooting the hit teen series Lizzie McGuire, with the original cast returning. The series, which would’ve focused on an adult version of the lead character’s life, was cancelled in 2022 after just two episodes had been filmed.Now, Jonathan Hurwitz, a writer on the canceled reboot has opened up about the “adult” storylines the series would’ve covered, leading to Disney’s discomfort and its eventual cancellation.Taking to TikTok, Hurwitz revealed details of the first two episodes – which had already been filmed – and the plot for the third episode, which had been written but was rejected.
Thania Garcia Mitski has expanded her North American tour to include a slate of new dates in Michigan, Maryland, Ohio, Georgia, Texas, Colorado, Oregon and California. In support her last full length LP “The Land Is Inhospitable and So Are We,” Mitski will open the jaunt in Miami on Jan. 26 with support from already-announced acts Tamino, Sunny War, Julia Jacklin, Cowboy Junkies, and Sarah Kinsley.
Todd Spangler NY Digital Editor Disney CEO Bob Iger saw his compensation hit $31.6 million in 2023 — down from $45.9 million in 2021, his last prior full year of employment at the company. Iger’s 2023 pay package included $865,385 in base salary, plus 16.1 million in stock awards, $10 million in stock-option awards, $2.14 million cash bonus and $2.48 million in other compensation, according to the company’s proxy statement filed Tuesday with the SEC. His contract with Disney runs through the end of 2026.
Disney CEO Bob Iger’s compensation totaled about $31.6 million for the company fiscal year ended Sept. 30. It includes most of the year. Iger returned to lead Disney in November of 2022.
Bob Chapek, a nearly three-decade Disney veteran who was ousted in 2022 as the media company’s CEO, has been appointed to the board of directors of medical tech firm Masimo.
Elton John just became an EGOT winner!
Riley Keough is getting so much support on the red carpet!
Brian Steinberg Senior TV Editor One of the greatest plays in sports isn’t taking place on any athletic field. Walt Disney Co.
Lauryn Goodman has reportedly been snubbed by her sister Chloe's footballer fiancé, Grant Hall, amid rumours Kyle Walker is the father of both her children. Lauryn, 32, sparked speculation that her daughter's father is footballer Kyle, after he and wife Annie Kilner announced their separation after 12 years together earlier this week. Lauryn welcomed her second child in June 2023 but had not disclosed who the father of her baby is.
The cast of Masters of the Air showed up in force for the Apple TV+ series’ world premiere on Wednesday (January 10) in Los Angeles.
Jon Wax is heading to Disney.
Willem Dafoe is being honored!
The guys of The Morning Show are hitting the red carpet.
Keri Russell and Matthew Rhys are stepping out in style.
Michelle Yeoh is stepping out for the premiere of her new Netflix series!
Kate Garraway has been flooded with messages of support and sadness from her celebrity friends after she confirmed the tragic news that her husband Derek Draper has died aged 56. Good Morning Britain host Kate, 56, announced the news that Derek had passed away after a devastating three year battle with Covid-19, on Instagram on Friday with a poignant post.
While “Deadpool 3” might challenge this notion somewhat—especially depending on its-cameos—when franchises change owners or deals end (see Disney buying Fox), often the past is thrown out, and new creators are tasked with starting over. We’re seeing that now with James Gunn’s DC Studios (that will forgo the previous DCEU), we’re seeing it mostly with all the 20th Century Fox Marvel properties that Marvel Studios/Disney will take in a totally new direction (“The Fantastic Four,” “The X-Men”).