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Variety: National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media
Paramount Global and its parent company are moving closer to an agreement with Skydance Media for an exclusive window for acquisition negotiations as Shari Redstone and David Ellison inch toward a deal to bring their companies together in a three-way transaction.
Deadline: Disney Fends Off Nelson Peltz After Bitter Proxy Fight As Shareholders Back Company Board
Disney has succeeded in keeping Nelson Peltz off its board of directors as more shareholders at the company’s hotly anticipated annual meeting today voted for the company’s nominees that for the two candidates put forward by Peltz’ investment firm Trian — Peltz himself and former Disney executive Jay Rasulo
Voting closed last night and the result, following a bitter and expensive proxy, is certainly a major relief to Disney and CEO Bob Iger, who have insisted for months that Peltz brought nothing new to the table strategically and would just be a distraction for management at complex time in the media and entertainment industry and, a delicate moment for the company, which is in the midst of a turnaround. It also slammed Peltz’ ties with Ike Perlmutter, who contributed his significant stake in Disney to Trian’s efforts. The company said the alliance was a conflict of interest since the businessman who sold Marvel to Disney had clashed with Iger and was fired.
The Hollywood Reporter: Bob Iger: Disney’s Job Is “Not to Advance Any Kind of Agenda”
Asked whether Disney would stay out of politics, CEO Bob Iger said that the company is not out to “advance any kind of agenda,” but rather is focused on entertainment.
“Our job is to entertain first and foremost, and by telling great stories, we continue to have a positive impact on the world and inspire future generations, just as we’ve done for over 100 years. Disney has always been and will continue to be a source of hope, joy and optimism for people of all ages. We’re committed to telling stories that reflect the world around us and using those stories to entertain people from all walks of life,” Iger said during the company’s annual shareholder meeting Wednesday.
“I’ve always believed that we have a responsibility to do good in the world. But we know our job is not to advance any kind of agenda. So as long as I’m in the job, I’m going to continue to be guided by a sense of decency and respect. And we will always trust our instincts,” he continued.
