"Nelson Peltz intensifies pressure on Disney with increased stake and board seat demands"

Disney is facing renewed pressure from activist investor Nelson Peltz after its stock hit a nine-year low. Peltz's hedge fund, Trian Fund Management, has boosted its stake in Disney and is seeking multiple board seats, including one for himself. Peltz aims to deliver value through immediate strategies like asset sales, which could benefit shareholders in the short term. Disney is grappling with declines in its TV business, succession questions, and the need to address challenges in its parks, linear TV division, and streaming services. The company has taken steps to reset its business, including cost-cutting initiatives and restructuring, but more needs to be done to improve its stock performance.