The media and entertainment industry's reckoning will continue in 2024 with more layoffs underway.
Walt Disney appealed directly to shareholders in its battle with activist investor Nelson Peltz, publishing a point-by-point refutation of claims made by the head of Trian Fund Management on the company's Vote Disney website on Tuesday. Disney cited nine examples where it disputed claims made by Peltz, who is attempting to gain two board seats, one for himself and another for ally and former Disney Chief Financial Officer Jay Rasulo. Disney, Peltz and another activist investor, Blackwells Capital, have roughly one month to persuade investors to back their board room directors.
Netflix, The Walt Disney, Warner Bros Discovery and Bank of America are part of the Zacks top Analyst Blog.