Disney Rejects Activist Nelson Peltz's Board Seat Request from Trian

Disney and Trian Fund Management are engaged in a dispute after activist investor Nelson Peltz was denied board seats by the entertainment giant. Trian intends to take its case directly to Disney shareholders, citing a loss of approximately $70 billion in shareholder value and underperformance compared to peers. Disney defended its new board members and highlighted its commitment to long-term shareholder value. The company emphasized its ongoing efforts to improve its film studio, grow its Experiences segment, and generate profitability from its streaming services.