EXCLUSIVE: We understand that Marvel underwent a handful of layoffs Monday, with 15 employees impacted across Marvel Entertainment in New York and Marvel Studios in Burbank. Those let go include junior employees in production and development at Marvel Studios. These cuts are due to Marvel reassessing and reducing their slate. Duly note, Marvel Studios only … Read more
Around 100 hours before the deadline for all Disney shareholders to cast their ballots in the acrid board clash between the Mouse House and activist investor Nelson Peltz, one of the country’s top pension funds just rolled its cannons onto the battlefield. With 6.7 million shares in Disney, the California Public Employees Retirement System (CalPERS) … Read more
Disney’s latest salvo in a proxy fight with activist investor Trian Fund Management highlights the firm’s “silent partner” Ike Perlmutter and his “difficult history with Bob Iger.” That critique came in a 20-page slide deck, a follow-up to an anti-Trian video released by Disney earlier this week. The clash has intensified ahead of Disney’s annual … Read more
