Disney has been through quite a few leadership changes in the past few years.

It all started when Bob Iger came back to the company to return to his role as CEO. From there, some executives left while other roles were shifted around. And with Iger back in the saddle, some people have been vying for a spot on the company’s board.
According to Bloomberg, activist investor Nelson Peltz believes that Disney could achieve profitability by bundling its ESPN+ service with a larger player interested in sports, such as Netflix.

Peltz’s investment firm, Trian Fund Management LP, plans to publish an investment thesis with recommendations for Disney after Disney’s next earnings call on February 7th. Trian currently controls close to $3 billion in Disney shares and is seeking two spots on Disney’s board.

Trian hopes the two spots will be filled by Peltz, along with Jay Rasulo, who is a former chief financial officer at the company. Disney’s current board does not endorse these nominations, having spoken out against them publicly. Disney put forth a list of 12 nominees a few weeks ago that did not include Peltz or Rasulo.
Click Here to See Disney’s List of Board Nominees!

Disney has been back and forth in recent years about its sports business, particularly with ESPN+ and sports betting. We’ll be interested to see if they make any changes in the future.

Stay tuned to AllEars for more updates!
Click Here to Learn More About Peltz’s Battle With Disney!
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