Posted 3/4/2024, 9:21:05 PM
Trian Whitepaper Critiques Disney Performance, Offers Suggestions If Activists Peltz and Rasulo Elected to Board
- Trian published 130-page whitepaper accusing Disney's board of underperformance, offers suggestions if Nelson Peltz and Jay Rasulo elected
- Suggestions include rightsizing studio and linear TV, spinning out networks to improve morale and balance sheet
- Argues Disney+ and Hulu should consolidate fully, explore bundling with other media
- Skeptical of ESPN+ viability, should focus on existing ESPN linear and ESPN+
- Disney responded by using Ludwig Von Drake to educate shareholders, Bob Iger announced projects like Moana sequel, $1.5B Epic Games deal, and Walt/Roy Disney's grandchildren wrote letters supporting Iger