Disney Responds To Unsolicited Nominations Of Nelson Peltz And Ex-Disney CFO James Rasulo To Board Of Directors, Defends Existing Board As “Highly Qualified”

Disney Co. made a strategic move amid its proxy battle with Nelson Peltz by inking an “information sharing” deal with activist investor ValueAct Capital.

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.

EXCLUSIVE: With the 10th edition of the College Football Playoff set to cap off a high-rated season starting on New Year’s Day, Disney says advertising inventory is nearly sold out for the semifinals and championship.

Disney has taken another big step toward realigning its India strategy. The company has signed a non-binding term sheet with Reliance Industries that would see the two merge their Indian operations, the completion of which would create one of India’s biggest entertainment empires. The news was first reported by The Economic Times.

James Gorman, CEO of Morgan Stanley and soon to be a member of Disney‘s board of directors, is not fazed by the possibility of the media giant going through a proxy fight.

With Disney already in the midst of its “one-app” streamlining of Hulu and Disney+ in the U.S., it is also making a similar move in Latin America with Star+.

EXCLUSIVE: Two months after Julia Ormond sued CAA, Disney and Harvey Weinstein for negligence, breach of fiduciary duty, battery and more over a 1995 sexual assault by the now incarcerated Pulp Fiction EP, the uberagency and the Bob Iger-led corporation say they shouldn’t be a part of the suit and want out.

The Producers Guild of America announced today that Charles D. King will be honored with the 2024 Milestone Award, citing “his immeasurable contribution to the film industry.” King will accept the award at the 35th Annual Producers Guild Awards on Sunday, February 25.

Nicola Peltz, who married Brooklyn Beckham last year, has been labelled a "nightmare bride" in a new documentary, which claims their wedding was "total carnage".The couple tied the knot in a grand three-day bash in Palm Beach with over 500 guests in April 2022. However, Nicola reportedly went through three event organisers for her big day after the first two allegedly couldn't meet her expectations reports The Mirror.

Heiress and actress Nicola Peltz and Brooklyn Beckham’s wedding may have been considered the “celebrity wedding of the year” in 2022, but it reportedly didn’t happen without major bumps.In the new documentary, “Peltz Beckhams Vs The Planners,” the original lawsuit filed by Nicola’s billionaire father, Nelson Peltz, against Plan Design Events (PDE) is broken down, telling the story of the legal battle from both sides.The Peltzes’ side is told first, and the lawsuit is presented. Nelson is suing the wedding planners for a $159,000 deposit he made before firing wedding planners Nicole Braghin and Arianna Grijalba nine days after hiring them.

Todd Spangler NY Digital Editor Activist investor Nelson Peltz, who’s looking to shake up Disney‘s board, plans to nominate two directors as candidates for directors of the Mouse House’s board: Peltz himself, and former Disney CFO Jay Rasulo. Peltz’s Trian Fund Management said Thursday it submitted a notice of its intention to nominate the two independent director candidates at Disney’s 2024 annual shareholders meeting, expected to be held next spring.

EXCLUSIVE: The combined Hulu and Disney+ app for bundle subscribers will launch in March with a big new attraction — the Grey’s Anatomy library, which will be offered on a Disney streaming platform for the first time.

Thousands and thousands of past and present female Disney employees can sue the Mouse House for paying them less than men/

The Central Florida Tourism Oversight District Board, the group that now oversees a swathe of central Florida where Walt Disney World sits, slammed the Bob Iger-led media giant for almost three hours straight over what its experts called decades of self-dealing outlined in an audit. Members, not surprisingly, voted to approve the report. 

Todd Spangler NY Digital Editor Get ready to see “The Kardashians” standing next to Baby Yoda on your Disney+ home screen. Beginning Dec. 6, the significant majority of Hulu content will be available on Disney+ in the U.S.

Anna Tingley If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. Paris Hilton‘s eponymous kitchenware brand has joined a growing list of companies and brands to pull ads from X (formerly Twitter), amid concerns over antisemitic content on the platform. Hilton’s “Be an Icon” campaign, featuring videos and photos of the heiress-turned-entrepreneur posing with the pink-hued kitchen items, were pushed out on X up until last week.

Disney CEO Bob Iger is sharing his thoughts on the box-office performance of The Marvels.

Disney today announced a cash dividend of $0.30 per share for the second half of its fiscal 2023, its first such payout since the dividend was halted three years ago during Covid.

Todd Spangler NY Digital Editor After activist investor Nelson Peltz announced his intention to renew his proxy battle to secure seats on Disney’s board, the company responded by alleging former Marvel Entertainment chairman Ike Perlmutter — who is in league with Peltz’s Trian Fund Management — has a personal grudge against Disney chief Bob Iger. In a statement responding to Trian’s announcement, Disney said that Perlmutter “was terminated from his employment by Disney earlier this year and has voiced his longstanding personal agenda against Disney’s CEO, Robert A.

Todd Spangler NY Digital Editor Nelson Peltz is renewing his fight to shake up Disney‘s board. Peltz’s Trian Fund Management investment firm, which owns about $3 billion in Disney stock, issued a statement Thursday that after the Mouse House’s board rejected Trian’s request for board seats, the hedge fund will “take our case for change directly to shareholders.” Trian is seeking two seats on Disney’s board, CNBC reported.