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Activist investor Nelson Peltz, multi-billion dollar hedge fund founder, 81 years old Trian Partnerson Tuesday released a 133-page presentation outlining what it would promote if it won a seat on Disney’s board of directors at its April 3 annual meeting.Peltz own Disney stock is worth $3 billion.
Peltz’s proposed corporate governance change would require Disney to provide shareholders with figures on the compensation of business unit leaders. Peltz also wants to revamp Disney’s organizational structure, but he acknowledged that it is “impossible to fully understand how to best improve the current structure externally.”
On streaming, Peltz asked for clarity on how Disney intends to maintain streaming service subscribers while making that part of the business more profitable.disney price increase Disney+ and Hulu in October, Introduced Hulu tiles Promote bundle subscriptions within Disney+ in December.
In his presentation, Peltz advocates fully integrating Disney+ and Hulu into one product and evaluating whether Hulu Live is the right product to offer.
Related: Disney launches “One App Experience” that combines Hulu content and Disney+
Nelson Peltz, Founder and Chief Executive Officer of Trian Fund Management;Photographer: Marco Bello/Bloomberg via Getty Images
Mr. Peltz also took issue with Disney’s box office performance, stating in the presentation that “Disney’s recent animated films have seen declining box office receipts and significant increases in production costs.”
Disney reported great income February revenue was $1.91 billion; 49% increase From the same period last year. Disney also noted that Hulu gained 1.2 million subscribers from the previous quarter.
Disney CEO Bob Iger was personally mentioned in the report by Peltz for his close personal relationship with the Disney Board of Directors. said in march He said he is “working hard not to let this distract me.”
Peltz asked for Last year, I won a seat on the board of directors. the attempt was aborted After Iger announced billions of dollars Plans to reduce technology, market, content, and its workforce costs.Disney implemented layoffs in March and was affected 7,000 people.
Related: Disney World was quiet on Independence Day — are price hikes keeping tourists away?
Members of the Disney family have criticized Peltz, including film producer and activist Abigail Disney. of new york times Despite his disagreements with Bob Iger, he said, “I know for a fact that Nelson Peltz is the worst thing that could happen to the company.”
Signed by the grandchildren of Roy O. Disney and Walt E. Disney, including Abigail. open letter Last week, he made clear his support for Iger and his leadership.
“What concerns us most about these hedge fund-backed opportunists is that they have little or no idea what Disney really means to people like you,” one letter said. That’s what it says.” “They have no argument as to why we should entrust them with the keys to the kingdom that our family has built.”
Meanwhile, Peltz’s daughter, Nicola Peltz Beckham, is an actress who enriched her life. Director debut During February.