Disney Activist Peltz Calls For 'Netflix-Like' Margins In Streaming
January 18 2024 - 9:12AM
Dow Jones News
By Ben Glickman
Activist investor Nelson Peltz called for Disney to improve
streaming margins as he nominated himself and former Disney finance
chief Jay Rasulo to the entertainment giant's board.
Peltz's Trian Fund Management previously announced it would
nominate the two directors as part of a proxy battle at Disney.
Disney said Tuesday that it does not endorse the nominations of
Peltz and Rasulo as it nominated its own slate of directors.
Trian in a filing Thursday called for streaming margin targets
of 15% to 20%, which it described as "Netflix-like." The group also
called for "a successful CEO succession" and to align management
pay with company performance.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
January 18, 2024 09:57 ET (14:57 GMT)
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