Billionaire Nelson Peltz criticized Disney’s film strategy for pursuing a message that is more than just entertaining, it is also wake-up call.
Peltz, owner of Trian Fund Management, has been rumored to be eyeing a seat on Disney’s board starting in 2023.The company’s stake is reported to be $3.5 billion, and the investor criticized Return of CEO Bob Iger and other company moves.
As Mr. Peltz began to criticize within the company, Disney claimed Peltz has “not presented a single strategic idea” during his two-year campaign to win a seat on the board.
Peltz was asked about Mouse Brand’s comments in a recent interview and responded with a series of rebuttals about the company’s film division.
“They say we don’t know anything about the film industry, which we don’t claim to know, but we’ve had five big losses in a row, so I don’t think they know. I don’t think there is,” he said. financial times. “They lost number one in animation, they lost number one in feature films. … Maybe it’s time to change the management of these departments.”
Peltz clarified that the focus is on wake-up messaging and that “people go to movies and shows for entertainment.”
“They’re not going to get the message,” he continued. Movies like “Black Panther” and “Marvels” were specifically mentioned, the latter of which was a box office disaster.
“Why do I have to have an all-female Marvel? I’m not against women, but why does it have to be that way? Why can’t I have both Marvels? ?Why do we need an all-black cast?” ? ”
Mr. Peltz has consistently been called an “activist investor,” but instead insists he just wants to help Mr. Iger improve Disney. However, he reportedly teamed up with former Marvel chairman Ike Perlmutter. CNBCI’m hoping to convince Disney to right the ship.
“I wanted to invest in companies.” [that are] It’s a good company, but I feel like it’s lacking a bit. …I still have that attitude. ”
“I don’t want Eiger to leave,” he repeated.
“All we get is Trump.”
Mr. Peltz’s positions on presidential candidates have gone back and forth over the past eight years, but when he has settled, he has typically settled on a relationship with Donald Trump.
He didn’t vote for Trump in 2016, but he did in 2020. Apologize But when asked who he would support in 2024, he hesitated before revealing his thoughts to the Financial Times.
“I’m not ready to say that…I’ll say it,” he corrected after a long pause. “It’s probably going to be Trump, but I’m not happy about that.”
“I’m not one of those crazy people who is a Republican or whatever…I thought maybe we could get someone a little less controversial,” Peltz said.
His reasons for supporting Trump reflected many of the issues voters raised during the 2024 cycle. Mr. Peltz described Mr. Biden’s age and mental state as “absolutely frightening,” and the accusations against Mr. Trump, which he called a “miscarriage of justice.”
Peltz said Trump is “not the perfect candidate,” but “neither is Biden.”
“All we get is Trump.”
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