George Lucas Backs Disney CEO Bob Iger in Shareholder Battle Over Company's Future Direction

George Lucas penned a statement backing Disney CEO Bob Iger amid an investor battle led by Nelson Peltz. Lucas is Disney's largest individual investor.

Lucas emphasized his confidence in Iger's leadership and Disney's long-term value creation potential.

The April 3 shareholders' vote will be pivotal in determining Disney's future direction.

Lucas created the Star Wars and Indiana Jones franchises and is known for innovations in digital filmmaking.

Peltz aims to reshape Disney's traditional TV channels but Iger is focused on streamlining operations and boosting profits.