Bob Iger & Disney Win Shareholder Vote; Nelson Peltz Denied

After a furious battle, Disney's board of directors remains intact and activist investor Nelson Peltz has been defeated. I break down what may have swung the race and what Disney's next steps should be.
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[@gigaman6]

Dan, you continue to do great public service work with these kinds of videos. Your coverage is fair and even-handed and you let the data speak for itself. Hats off to you as always.

[@WatchingTokyo]

Thanks for being you. You may not realize this but watching you as a foreigner you make me hopeful that there are still sensible people in the US.

[@ChristopherSmithNYC]

I'm hopeful that there are still sensible people outside the US.

[@bigboss9150]

Dan. Again. Impeccable breakdown on the situation. No political bias and no overcomplication of the issue. I really feel like this channel is the only place to get proper analysis on the film industry.

[@Gridseeker]

I second that. Dan is perhaps the only impartial dude among a bunch of alt right fanatics disguised as "journalists".

[@Youngwrit3r]

@@Gridseeker agreed

[@yomamma359]

Dude you are like what John Madden used to do for people who didn't always understand football. You break things down that seem complicated for regular fans in a way that makes it understandable. You're the go to YT person for stuff like this 🎬

[@QuarterCoyote]

Tens of millions of dollars spent and nothing changed.

[@defur45]

Great analysis and use of neutral language, Dan. Your efforts to be as neutral as possible is what makes you the most trustworthy on analysis in the game.

[@mr.rcastro70]

Nelson Peltz: "I'M THE ELDEST BOY!!!!!"

[@Geo_Was_Here]

As an anniversary gift my wife bought me ONE Disney stock just so I could say I'm a shareholder. I'm aware this is only for the very minimal and unimportant clout I can get around my friends, but it is interesting to see things like this happen (I even get the chance to vote) and it worries me because internally you can see the people who have been shareholders the longest aren't interested in the brand or the product. It's a business and unfortunately most of us who find entertainment value in all this are mostly invested in the art.

[@debbabe2254]

And guess who owns a big chunk of Disney stock and doesn't care about Disney magic? Nelson Pelz.

[@pindrop9536]

His comments irritate me becaue I also do not want to be lectured when I go to see a movie especially in the dumb, reductive manner Hollywood tends to, but having a black cast or a predominantly female cast is not the issue, bad writing is the issue.

[@openjoistt]

so many people don't get this 😅

[@fernandodecarlosmalcher7977]

this is what I've been thinking for a while, the problem is not the mEsSaGe like some people complain, the problem is how the message is handled

[@calebyuck7161]

Disney has had a very spotty track record of “creativity” since the 90’s under Eisner. Bob Iger isn’t a creative. He only acquires (buys) the creativity of others. As a 90’s kid, I remember the Disney renaissance fondly. They exploded with blockbuster movies, TV, park expansions, and innovative products. Since the early 2000’s Disney’s creativity, was almost exclusively powered by external forces such as Pixar, Star Wars and Marvel. Other than some of their children’s television (Clubhouse Disney), Disney itself has been pretty stagnant for the last 20 years. Under Iger, the Disney company has morphed from a producer of creativity to a collector and exploiter of creativity.

[@HarlanEllisonlives]

You seemed to have forgotten that bob iger reinvigorated Disney's animation Dept. Not talking Pixar but Disney animation.

[@fridaynightnicktoons6885]

@@HarlanEllisonlivesbwahahahahhahas good joke. Iger banned 2D animation for cinema production he’s the anti walt

[@HarlanEllisonlives]

Good grasp on language. The world was moving to computer animation iger realized that. Unfortunately 2d animation was dying and iger had the receipts. Iger turned a mid-level company in entertainment that was bleeding money and turned into a giant media company through acquisitions which is the quickest way to build up a company. Your not well versed in Disney history or business are you?

[@owenharrison761]

@@fridaynightnicktoons6885 2d animation isn't synonymous of quality, there are many examples of that, even without it Disney had made good and successful animated movies

[@pe-peron8441]

Disney in the early 2000s produced amazing films, absolute masterworks like Treasure Planet. The stagnation is a more recent phenomenon

[@chrisnezar5918]

This guy allowed his daughter to be in 2010's The Last Airbender.

[@mania4270]

More like he helped ruin last airbender by casting his daughter....totally white washing the film. If this was a black shareholder doing that, ppl would be scream woke til their lungs were worn out

[@johnnyskinwalker4095]

That's not true

[@solvseus]

@@johnnyskinwalker4095 You're right, it's not. He didn't allow her, he FORCED them to hire her AND change some of the rest of the cast to match. Wasn't the only problem with that movie, but it certainly didn't help.

[@johnnyskinwalker4095]

@@solvseus again that's false

[@chrisnezar5918]

​​@@johnnyskinwalker4095 What is not true? What oath did you break?

[@davidmylchreest3306]

The Disney mini-drama does expose the problems of capitalism overall - never mind the quality of our product, or loyalty to our workers or customers, let's just slash the budgets to maximise shareholder revenue! - but even though I see this as a victory I'm still frustrated by Disney overall. Iger's strategy has been amazingly profitable in the short term but he has never had a clear vision for what to do when the same three movies Disney keep making (Marvel / Star Wars / Remakes) become creatively and financially bankrupt. The movie industry can only grow by finding new creative ideas - it's still an artform - and Disney's outsized success and influence has left Hollywood feeling stagnant.

[@DanMurrellMovies]

The general corporate move in all industries to pursue never-ending, constant growth in revenue and share price has been a disaster for workers and consumers.

[@mhawang8204]

Hey, they wouldn’t be in such a hole if they can actually keep the budgets low. I had no idea why they think they could make enough money to make up for Indiana Jones: The Dial of Destiny’s humongous budget.

[@weirdotzero7065]

@@mhawang8204 I know part of that was because the film had started shooting the same time Covid hit, so workers were still getting paid during lock down(which is a good thing,, but did balloon the budget). Add on shooting on location during covid, the deaging used for the opening of the film, and the expenses for cross promotion like say, licensing out the rest of the Indiana Jones franchise from Paramount for Disney+, and you can start to see why a film that probably should've cost $120-150 million(max) became $300 million(which was somehow still not the most baffling expensive movie of 2023 to me. That goes to Fast X costing $40 million MORE than Indy.)

[@aishaalamoudi599]

This was Peltz's largest defeat to date as activist investor...absolutely humiliating.

[@debbabe2254]

And it makes me very happy.

[@oregonsenior4204]

Just what percent of Disney shareholder stock is retail? BC I got ads for KZbin in the last few weeks reminding me to vote, and *who* to vote for. I don't watch stock or business videos, so can only think Disney did an all-KZbin blitz ad. It was odd.

[@DanMurrellMovies]

Information I've found online says around 40% is held by retail investors. I'm sure they used targeted ads based on their research on what their investors watch.

[@seanfahey3600]

Peltz would have tried to break apart the company and sell off the parts. His vision to be more like Netflix was also a bad idea. He's just a corporate raider. They ruin companies.

[@yurichtube1162]

Iger is ruining it

[@luismedrano6680]

@@yurichtube1162 how so? when he is lterally doing the exact plans of Peltz by making streaming profitable, cutting costs, and investing more into their parks?

[@yurichtube1162]

@@luismedrano6680 How will streaming become profitable when new Disney content sucks?

[@egoborder3203]

I know a lot of people are disappointed in Disney's and Iger's output over the past decade, but I saw no reason to believe Peltz would have improved anything

[@johnnyskinwalker4095]

Well he might have!

[@debbabe2254]

​@frenchyoathbreaker4095 Nope. Nelson Pelz is a destructive billionaire. He would have gutted & destroyed Disney. I get that you hate Iger, but voting Satan on the board would not "restore the magic."

[@johnnyskinwalker4095]

@@debbabe2254 But that's a lie. Look at Peltz' past, he's not the type of corporate raider that sell parts of companies. He's part of a group that gets on boards and save companies and make them healthy again. He has done that time and time again! He wants to save Disney. Disney is in complete ruin right now! And yea I hate Iger because he has let Disney turned into complete disaray. Marvel is ruined, Star Wars is in ruin, ABC is in ruin. the parks are in ruin, they don't know what to do with ESPN. How can anybody not hate Iger for what he did to a company that we loved?

[@davidletarte214]

after spending time watching a bunch of the right-wing youtube channels masquerading as intelligent film critique i have a newfound appreciation for dan...

[@killert_7759]

I agree, and I say that as a conservative myself. Those channels profit off of the constant negativity going around film culture recently. Nothing that based on negativity can be good.

[@TheRoyalFino]

He's one of the best. I don't watch him often but in the "Talk-To-The-Camera and Talk-About-Entertainment-News" side of KZbin, he's one of the most accurate and fair evaluators of the film/TV landscape.

[@DanMurrellMovies]

Thanks! Tell your friends!

[@Tullaryx]

I don't always agree with Dan's opinions but I do respect the fact that he avoids a lot of the hyperbole that other entertainment news sites tend to leverage (left or right) to gain a core audience. If I was still playing that on-line Hollywood stock exchange simulator I would be using Dan's weekly reports to get an unbiased look at the industry.

[@compostsmurf5519]

🥱

[@Coolcoolcooldude]

I'm pretty sure those statements he made lost him the seat at the board. Yeah the Marvels was a flop, but you know what else was a flop, Indiana Jones 5, Haunted Mansion, and The Creator. All 3 films had male leads.

[@Gridseeker]

Not mention that the rival company, DC/Warner, had also male lead movies and guess what, also a flop and I´m talking about stuff as Black Adam. Sure, Iger made some mistakes, very heavy ones, but at least he adressed them and promised changes and fresh ideas. However, Speltz expressed, or at least he chose unwisely his words, that the reason is due black and female cast. Looks like Speltz doesn´t have any idea of how many movies of the MCU have female characters as main characters (Black Widow, Captain Marvel and that´s it) and afroamerican characters (Black Panther, BL2 and that´s it, without mention the upcoming fourth Captain America movie). However, to make things worse, when George Lucas, now shareholder of Disney, wasn´t precisely fond of Spelt´z statements, then you know that Nelson really fucked up everything.

[@rmvdhaak]

The problem with the Marvels wasn't the cast, it was the script.

[@zaltmanbleroze]

And the 300 mln budget had nothing to do with Indy 5 flopping? Or maybe the fact he was portrayed as a grumpy ole fool and the action scenes are like a Fast and Furious movie? You know, absolutely ridiculous to look at. Haunted Mansion flopped because it was just a bad an cringey movie and way too expensive and who releases it in the middle of summer instead of near Halloween season. And why didn't they just bring back Eddie Muprhy for Haunted Mansion 2? The Creator flopped IMO because it had little marketing and audience are too stupid to try and watch a new title that isn't a remake, sequel or part of a franchise. Just my two cents on those 3 movies. Edit: Haunted Mansion has no male lead, Rosario Dawson is the main star.

[@rakoonshampoo2608]

⁠​⁠@@GridseekerYour point is still valid, but to nitpick, Black Panther 2 and Eternals both had female leads.

[@rakoonshampoo2608]

@@zaltmanbleroze99.9999999 percent sure that LaKieth Stanfield was the lead in that movie.

[@canaanhess]

Why does the new blood for the shareholders have to be over the age of 50 lol

[@margote7965]

This Peltz character stated he didn't want black people in Black Panther. Considering it is set in Africa I think we can assume certain views. He doesn't like women either. Disney is trying to be inclusive. All my life everything was made by and for my race. The grumpy white people on social media want it to go back to that. It is difficult to adjust but young people will grow up hopefully not thinking about ' the other'. I really enjoy seeing different cultures in screen. If you don't like it there are plenty of alternatives.

[@mhawang8204]

Disney Princesses(tm) haven been their bread and butter and saved the company multiple times. Imagine alienating and limiting your target audience with comments like that… not very smart as a business strategy.

[@geoffrobinson]

or maybe his comments were purposely distorted and manipulated by a large media company

[@luismedrano6680]

@@geoffrobinson u can read his statements with the Financial Times and it still doesn't come across as dishonest

[@johnnypopstar]

@@geoffrobinson You're a disgrace to that name

[@toon666toon666]

Can you point me to the article and where exactly it says that he is against women in the Marvel movie and not in the Marvel universe and where he says that he is against black people in Black Panther and not in the Marvel universe? Because I looked through several sites, but never found anything like it. I would be grateful if you send me a link to the original article.

[@JTISREBORN]

At the end of the day whether it’s Peltz or Iger I don’t see Disney doing a good job in the near future if they continue to make lackluster movies that audiences don’t embrace.

[@luismedrano6680]

Avatar Way of Water is their most successful movie since Endgame, followed by Doctor Strange Multiverse of Madness, Black Panther Wakanda Forever, Guardians of the Galaxy vol 3, Thor Love and Thunder. Deadpool and Wolverine is this year most anticipated movie per Fandango, as was Guardians of the Galaxy vol 3 last year survey

[@JTISREBORN]

@@luismedrano6680 last year was a financial disaster of a year for Disney. So many huge losses. They over budget most of their movies.

[@johnnyskinwalker4095]

@@luismedrano6680 Do you want me to count me to list all their failures since 2019? the list is gonna be longer.

[@owenharrison761]

@@johnnyskinwalker4095 but that would be a list of the last 4 years, in which even with internal and political problems they have managed to have successes, or if you want we can compare the amount you mention with all the successes of the last decade?

[@johnnyskinwalker4095]

@@owenharrison761 How about all the Star Wars failiures? Doing a new Star Wars movie was a license to print money. But they lost One Billion dollars between TFA and ROS. and they kept Kathlyn Kennedy anyway. First Season of Mandolorian was ok but it's been mostly garbage TV-wise. Andore was solid but nobody saw it. They had a failed-proof IP in Star Wars and they crapped on it under Iger. And on the Marvel front, they were doing well but after Endgame they ruined it all cause of politics. Bob Iger was in charge of all of this. They ruined everything. You cannot give this guy the benefit of the doubt anymore.

[@joen0411]

The problem is they need someone or something to reinvigorate the MCU. Disney isn’t only about MCU movies but it feeds into toy sales and theme park attendance. So it is one of the important problems to solve. Fighting over who gets to be the CEO doesn’t solve that problem.

[@AllInTheGame01]

It wasn't even close, and of course Peltz tried to spin it as a 'win'. His comments in that interview were truly awful!

[@Tullaryx]

He has to. He's spent so much capital both monetary and reputational to force himself onto Disney. The fact that ISS backed him and he still lost handily is a major blow. When ISS (Institutional Shareholder Services) recommends and votes for a side in a proxy vote their side tend to win more often than not.

[@garenthal9638]

Well he did expose Disney

[@luismedrano6680]

@@garenthal9638 exposed them how? the company more like exposed Peltz racist and sexiest approach to movies by not wanting black cast set in africa or women in leading roles

[@Marksman3434]

Remember that Peltz is the producer who forced the casting of his daughter as Katara in the garbage film that was The Last Airbender lol

[@davediaz1742]

Is that true?

[@DanMurrellMovies]

Not exactly. Nelson Peltz was not a producer on The Last Airbender or any other movie. He's never been involved in the entertainment industry. It has been said that Nicola Peltz was cast as a favor due to her father's influence, but I've never seen that confirmed directly by anyone involved in the film.

[@Maluhia]

​@davediaz1742 I just checked and yes it is 😮

[@LinkMarioSamus]

@@DanMurrellMoviesApparently a producer or executive owed him a favour.

[@DanMurrellMovies]

Again, that's been a rumor for a long time but never officially confirmed as far as I know.

[@jeskuo]

I think Iger has made some key changes this year in the live action (David Greenbaum) and theme parks (Bruce Vaughn), it will be interesting to see if any major projects will be announced at D23

[@johnnyskinwalker4095]

I really wished Peltz would have won because the whole board is basically controled by Bob Iger and Marvel has basically gone to Hell since the end of Endgame and Star Wars has basically sucked since TFA. So a new voice on the board could have done some good. At least a businessman that would have said "hey guys, can you at least not spend like drunk sailors?". Peltz has been on many boards before and helped companies do better. So I am predicting the same old crap for the future.

[@commandZee]

There's a strong argument for movie studios not to be publicly traded.

[@ggs27]

Movies shouldn't even be a business

[@32fps]

Only problem is, Disney isn't *just* a movie studio, and it's not the only one that's not. I don't think you can keep one section of your business private while publicly trading on another portion of it; correct me if I'm wrong here, though. So perhaps the real issue (or at least another huge part of it) is media consolidation.

[@moviereedviews]

​@@ggs27 it's literally the movie business for a reason. Very hard to just do the art portion with financing and money to back it up.

[@janechoy2073]

What experience does Peltz hvae in the entertainment / movie making / theme park industry?

[@DanMurrellMovies]

None

[@DarthUmbra]

Other then Iger, the rest of the board of directors have no experience in the entertainment sector.

[@BoringAngler]

This fact amuses me to no end, but his daughter Nicola Peltz-Beckham is the actress who played Mark Wahlberg's "jail bait" daughter in Transformers: Age of Extinction.

[@eglantinepapeau1582]

that's my issue here . Do I want Iger replaced ? YES ! under him the magic of Disney disappeared but I don't feel this guy is the good person to replace him , he might make things worse , but then again the one thing a good replacement should do is give back power in the hands of creatives . execs and prods shouldn't be the ones to tell the stories, the directors should go back to be captains on board. and enough of the comity writing thing . it must stop .

[@ShinPG]

Disney might need change, but at least stockholders aren’t dumb enough to get the change from this guy.

[@mhawang8204]

Yep, pretty much this 💯 Like Dan said, they might have succeeded if it was another person who can focus on the finances and not rant about women or black people.

[@weirdotzero7065]

I would say Disney needs to dial back on too many projects at once with $200-300+ million budgets. Invest more in smaller films and creators. Make more original films(which is something the recently promoted President of the Studio is in favor of doing, so hope that goes well). And a strange one, do more horror films. Not gonna lie, 20th Century Studios have been putting out banger horror films. Prey, The Barabrian, The First Omen, the new Alien looks decent. Including Marvel's Werewolf by Night, Disney is surprisingly decent at horror.

[@MysteryMii]

I think something that may have potentially helped Disney in this proxy fight was that their most recent quarterly earnings report wasn’t a complete disaster. Combined with the major announcements they made alongside the report, and it seems to have calmed a good amount of skeptical shareholders and probably got them on their side (especially since Disney’s stock price was up in after hours trading following the earnings report). I think that probably spooked Peltz, especially since days after the earnings report, he came out bashing the major announcements and predicted that he would win this proxy fight (which looks ridiculous in hindsight considering this was the worst results of a proxy fight Peltz has ever done).

[@tronam]

What a reasonable breath of fresh air. Thanks, Dan.

[@Bad_Wolf_Media]

Hey, Dan, I don't know if it's public or not, but the business director running the meeting said the final vote totals will be included with the minutes of the meeting. My guess would be those minutes should be finalized after the next board meeting (boards of directors generally have to approve minutes at the next meeting). Those should be available at least to shareholders once they're approved.

[@QuinnMallory-od1hw]

If your the chair person and making the company money, yes you should stay, but disney just lost 1.3 billion dollars in a year! Bob do better or leave

[@NoCountryforBadMovies]

Thanks for making a great video!

[@TheClockchan]

Excellent breakdown of a fascinating story! Thank you for covering this topic. You did a fantastic job as always!

[@mahirrahmananan7025]

I think he criticised marvel studio in the wrong way , would he have said that Kevin fiege has been hiring writers who doesn’t have any experience in writing a movie or even tv series. For example Micheal Waldron, Jeff loveness, these aren’t the writers who use to make movies. They also hired two writer for fantastic who doesn’t have any movie credit and also tv credit. Idk what Kevin is doing but hope it ain’t secret invasion Also next 2 of the movies is being directed by tv director. Well racist people like him wouldn’t have done any good.

[@DanMurrellMovies]

See, that's valid - I think it's totally fair to look at Marvel's recent record as far as creatives in charge, the results of each individual project, and suggest company input and oversight, or at least greater scrutiny, over the talent involved. That's not what Peltz was doing.

[@mahirrahmananan7025]

@@DanMurrellMovies yeah peltz was think if those comments would make the shareholder to vote otherwise but he didn’t understand these loud people who talks about woke all the time are just small percentage

[@Gridseeker]

@@mahirrahmananan7025 And that´s precisely the thing that scares me most: I haven´t seen the entire Julius Onah´s filmography, but by reading the reviews, he has only one decent movie of three that made so far and yes, Cloverfield Paradox is a crime against the franchise. Hell, even Deadpool 3 doesn´t give me enough confidence, despite Ryan Reynolds is the creative mind and producer,

[@mahirrahmananan7025]

@@Gridseeker yeah it’s hard to have confidence in the upcoming movies

[@OrionAnakaris]

Sounds like Peltz-Perlmutter wanted Disney/Marvel Studios to focus on their more successful & guaranteed hit IP like.....Iron Fist? & Inhumans? 😂 I'll seriously never understand these weirdo Entertainment Execs' obsession with rewriting history regarding the success of films like Black Panther. Kevin Feige & Disney wish they could pull off Black Panther Box Office numbers again

[@robloggia]

I think the biggest issue is that at some point ot seems like the people in charge decided that writing was more of an after thought rather than one of the core components of a good film.

[@TVandManga]

Great explanation Dan, thank you!

[@cameronthomas9025]

Thank you very much for making this video. Excellent, honest, informative content. You are the best!

[@errolowl1]

Thank you Dan. My first thought when I saw the headlines break was that I couldn't wait to get the whole story from you. I hoped for a video sometime this week, was pleasantly surprised to see one right away!

[@htruman]

I hope Disney & Marvel can fix things, and stop with the Live Action Remakes, but I;m happy Peltz got denied.

[@cdub2393]

It’s “capping” Dan, like a pen cap. 😂 Not caping like superheroes wear. ❤

[@DanMurrellMovies]

There’s a more modern version that is ‘caping’ - as in putting on a cape, like a superhero. It may not be in the dictionary but it is in use.

[@cdub2393]

@@DanMurrellMovies I get what you’re saying now. Oddly enough, both slang terms work in this scenario?? I’ve never heard of caping being used before, but we learn something new everyday.🤔

[@jasonappleby1746]

Disney obviously hasn't lost enough money yet.

[@mhawang8204]

Yes, their latest earnings look good, another reason why most shareholders voted to stick with Iger.

[@luismedrano6680]

lol, they cut their losses significantly over the years since covid. this past quarter on the streaming side, they cut down their $4 billion yearly loss on spending for disney+ since 2019 to just $130 million this past quarter 2024

[@993mike]

⁠@@mhawang8204 Yes - they had ONE quarter that was decent in a sea of bad quarters that lost huge money in both the movie division and streaming. If it wasn’t for their parks division (where the target seems to be to bleed the customer dry with endless price hikes and fees) the company would be truly screwed. Things need to change, and Iger is smart enough to realize that. It’s just a matter of whether he will actually do it.

[@padawanmage71]

So Bob Iger will go like a certain president in the 2000s: “We will stay the course…”

[@anthonystewart3915]

Love the breakdown Dan, informative and reasonable as always. As a retail investor in Disney my personal opinion was iger is the right man for the job and is already taking important steps to get where they need to be, Peltz is just a clueless nuisance, not the type of person needed to improve the way the company is run

[@ilovedc9786]

Disney Board Drama is more entertaining than media they are releasing

[@Gridseeker]

FACTS

[@luismedrano6680]

how so? Deadpool and Wolverine is the most popular movie this year and moana has been a streaming hit on disney+ since it launched

[@shiftymcgee9359]

Basically another white collar fight between two horrible people. Anything else happening today?

[@HarlanEllisonlives]

How is bob iger horrible?

[@shiftymcgee9359]

@@HarlanEllisonliveshow quickly people forget. His responses during the recent writers strike and where he said what he said.

[@HarlanEllisonlives]

@shiftymcgee9359 what he said wasn't horrible from a business standpoint which would cost the company money and probably affect the stock price. On top of that the movie industry was still recovering from the pandemic and peak streaming was over He could have been a tad more tactful. If that was your best shot you whiffed the target.

[@shiftymcgee9359]

@@HarlanEllisonlivesa shot at what? All this is a matter of opinion. I think Iger is a trash pile, you don’t. What of it? Pick an argument somewhere else.

[@HarlanEllisonlives]

@@shiftymcgee9359 so you can't articulate an opinion, a strong opinion? If someone is a shitpile there must be reasons why they are a shitpile.

[@HeadCannonPrime]

As a fairly large Disney shareholder; I voted for Bob Iger. Peltz would have been a disaster for all of Disney. He doesn't have a creative bone in his body. However, we DO need to focus on Iger's replacement. Chapek had NO interest in art or creativity and he set Disney on its path of "Remake every cartoon as live action" to cash in on the nostalgia. I would actually like to see someone that has one foot in creative and one foot in business, like Kevin Feige take the reign of Disney proper. Disney is a LOT more than just Marvel movies. And the rest of the properties are just sort of withering on the vine at this point. When is the last time we had a movie with the old cartoon gang or a Goofy movie?

[@htruman]

I have been hearing rumors about Elon Musk buying Disney. I hope it's not true.

[@benelson12]

Cosigned.

[@Tullaryx]

@@htruman He's joked on Twitter about it, but even with his wealth I doubt he can afford Disney. Now Apple is the one giant to look out for who may end up buying Disney or, at the very least become a major shareholder. I'm actually surprised that Apple and Disney haven't been more intertwined over the years since Jobs sold them Pixar.

[@geoffrobinson]

Well we’ve seen what the creatives have done. Nothing much and run Star Wars into the ground. An outside prospective would have been good. They were to be a few seats on the board not CEO

[@AceOfSevens]

@@htruman If he were interested, now would have been the time to make the move.

[@MideXIII]

Bob Iger, maybe: Just wanted to get the gang together early in my tenure to say uh…yo.

[@waywardmind]

Thank god

[@OrionInSpace]

I don’t think a lot of people understand how bad this Peltz guy would’ve been for Disney. You thought his comments about Marvel and Fiege were bad, wait till you find out the dude has no experience with entertainment and clearly doesn’t care for it. It would’ve been WAY worse than Chapek.

[@Phoenix-ti6tx]

exactly

[@Jagger-J]

A lot of people who like Peltz like him for his anti-woke stance so I doubt the Marvel comments bothered those people.

[@geoffrobinson]

A complete idiot would have a hard time running Star Wars into the ground, and yet current management has done it.

[@BishopBrown-ng2ns]

Because those with 'far more experience' have done a wonderful job. The current board make up is of people with no experience either, and who do not have a serious stake in the company. It's best of Iger to maintain control, so he will continue the decline.

[@OrionInSpace]

@@Jagger-J lmao definitely not I am so sick and entire of those grift channels I just love it gets more and more obvious by the day what they are doing

[@MattStevens9824]

Thank you for the fair take! It's a breath of fresh air to watch something with a neutral tone. Very much on point! Both sides have their good points and some questionable agendas underneath. I just wish Disney can turn a profit on their releases and make great stories again that appeals to the fans. It started getting bad after Endgame for me. If Iger keeps losing money at the helm, Peltz will always have a card against him.

[@masscamber]

Keep up the great work, your specific industry breakdowns are always more than a cut above your competition. Would you consider examining the plagiarism accusation around The Holdovers? As I think it is an ideal topic for your attention to detail.

[@allye9865]

Ugh what cringe comments he made about "a Marvel"

[@mhawang8204]

telltale sign of a boomer with money but no knowledge of the movie making industry 😂

[@jonhellerphotography]

And Disneys announcement today caused their stock to lose over $5 billion dollars today. Which I’m sure they will get back but at the moment that doesn’t show a lot of faith in the direction Disney announced.

[@luismedrano6680]

that's a short term and narrow view of disney stock price when it's currently enjoying a 5 year high

[@solvseus]

Hm, a billionaire who said actors and writers barely making it were "greedy" vs a billionaire who thinks women and minorities are the problem (ignoring Barbie and Black Panther's successes, and dudebro movies also doing badly) and forced major changes to Last Airbender by insisting they hire his daughter in a major role...

[@Ductos]

I'm just glad they dodged that bullet and can go back to disliking Bog Iger again. The disdain I have for people like Peltz (who, f.e., forced M. Night Shyamalan to cast his daughter Nicola as Katara in "The Last Airbender", which was the first of many dominos to fall for that movie) and especially a ghoul like Ike Perlmutter simply can't be measured.

[@peteralbrecht473]

Iger may have won, but it's going to be more and more difficult if Disney doesn't produce any value soon.

[@bmem1993]

I appreciate how impartial you are in all of this Dan, but sweet Jesus... America has a serious issue with propaganda and politics taking over their lives. Every facet of every product has a political aspect to it in some way and in every single discussion about any topic political leaning is brought up. It's honestly wild from an outside perspective and seems hugely unhealthy how much social politics influences your lives and decisions as a country.

[@Disneyfan82]

Bob Iger is King Magnifico

[@Jorge94DC]

And the collapse continues!

[@luismedrano6680]

how so? lol the stock price is the highest its been since Iger left in 2019

[@nnt7311]

I think you should make Industry news a standard show on the channel

[@matheuslascasas134]

I kinda would love an HBO Succession style show about the behind the scenes executive decisions being made at Disney in the last few decades

[@mhawang8204]

It’s nothing new. The book Disney War exists.

[@garenthal9638]

Need one on Vince Mcmahon’s ousting from wwe

[@big-fish1199]

Love these videos, always an unbiased and honest breakdown

[@libanesamaria6675]

Peltz’ foundation for his argument about black and women was so off that made him sink. Btw like when you take some time to tell us about entertainment industry’s news and changes. I do actually appreciate that.

[@ricebrown1]

Dan!

[@unison90]

Movies are allowed to have a message. Super hero comics have always included a message. So, to say adding a message is the reason for disney issues i think is unfair. The message just needs be integrated better.

[@winifredeghrudje9427]

👏🏽👏🏽

[@Gridseeker]

DIS.

[@charlesevanshughes3638]

Movies can have a message, but they should be cautious when stating a message that half of the country disagrees with. The ultimate, legal goal of all companies is to maximize profits.

[@koju737]

It depends on what the message is and how heavy handed it is. But really, at this point, the people looking for messages will find it. Like, it's not a message if there happens to be a female lead or gay person etc. But there will be people that take it that way.

[@mhawang8204]

@@charlesevanshughes3638 half of the country… what’s your data to back that up? And which country are you talking about? Why do you think Disney made Mulan, Encanto, and Moana? Disney’s target market is the world.

[@OmegaRejectz]

Maximize shareholder value even MORE?

[@jasonraschen1109]

I remember you discussing this in a previous video. Thank you for the update. Not a fan of Iger but Peltz sounded like a terrible alternative.

[@tanookimarketing]

The Marvels had more cats than women. That's so woke... or something, I have no idea what any of this means.

[@WatchingTokyo]

Meowke

[@philipho188]

Appealing to the anti-woke is pointless. Most of those people say it just for attention or they know they will get clicks. It doesn't add value to an entertainment business that's why Peltz lost.

[@garrettcarter5622]

“Not that I have anything against women” is the statement you make when you realize what you said is ragingly misogynistic, but not self-aware enough to have not made those statements in the first place.

[@Tullaryx]

I'm surprised he didn't say "I have nothing against black people" when he commented on the Black Panther films.

[@mhawang8204]

@@Tullaryx tells you where he puts black people on the totem pole 🤦‍♀️

[@dumpsand]

Well executed profile of major Disney shareholder voting. Great to see you do internal business breaks downs rather than a box office breakdown.

[@dunnowy123]

I remember when so many "anti woke" grifters, sorry, I mean KZbinrs were cackling at the zupposed devline of Disney + subscribers because of the "wokeness" and not because Disney+ lost rights to the Indian Premier League, one of the most popular sports leagues in the world (for cricket, for those who dont know). I'm all for media criticism, but when youre so biased you only see what you want to, its a problem.

[@user-hl1ex6py8l]

The Black Panther movie was set in an African nation. It made sense to have a mostly black cast. It was just being true to the Black Panther comics. I think Peltz did himself a disservice in making these comments but that aside I think Disney does need a shake up and with Iger in charge with a board full of "yes men" then its not going to happen.

[@TrappyJenkins]

Its wild to think, if he'd kept marvels name out his mouth, he probably could have succeeded

[@Tullaryx]

I don't think he would've. Too many of the big names like Lucas, Jobs, Disney family resonated more with the retail investors. The vote may have been a bit closer but I still think that the Disney board and Iger would've won.

[@short72hp1]

It was always A long shot I think only Lucas votes would have made a difference because after his vote every started to call it over

[@marialaurarusso1680]

Who 'd knew that watching succession it would help me to understand this kind of corporative problems 😂

[@AllTerrainNation]

WDC needs some change

[@neutraltoxic]

Not from him.

[@geoffrobinson]

@@neutraltoxicwhy not?

[@TheRoyalFino]

@@geoffrobinson He's an 81 year old man with no experience leading an entertainment company and never worked at Disney. He is not qualified and stockholders didn't want him in-charge.

[@jim1242]

Disney really need to turn around their animation studios. Elemental was the only movie from Pixar or Disney amination that has been anywhere near a hit since 2019's Frozen 2. Whilst their main rival Universal contunies to put out very sucessfull movies for half the budget ( Kung-fu panda, Minons, Puss n boots, Migration, the list goes on)!

[@nms7872]

there was also a pandemic. Surely Soul would have been a major hit if it went to theatres in normal time

[@jim1242]

@@nms7872 despite that Universal managed to keep putting out successful animation movies during that period (the croods 2, Sing 2, bad guys etc). Disney completly botched the release of Turning Red by pulling it from theatres putting it on disney+ instead.

[@luismedrano6680]

Encanto was a streaming hit and commercial successful with the singles "We don't talk about Bruno" beating Frozen "Let it Go" in sales

[@brandonsmith-scolaro4887]

I find it a lose lose scenario. Don't like Iger and I don't think Peltz would have helped either.

[@jim1242]

Disney really need to make some changes to the parks too, The Nintendo land coming to Universal Florida will put them to shame. They should be an amazing Star Wars experience, but instead we got galaxies edge and the failed joke that was the starcruiser. I have not been to Disneyland CA, but they need to develop a better Avengers / marvel presence too. I beleive there is some legal agreement that prevents them building a marvel area at Disneyworld for now). Where is the Pixar land?

[@luismedrano6680]

they are expanding Pandora, Frozen, Encanto, and Battle for Wakanda as part of their $60 billion investment into their parks over the next 10 years

[@jimstr10]

I don’t see a single pro Disney anything behind Dan. Disney has been working hard for the modern audience, except nobody knows who the modern audience is. The MCU, for example, had a fanbase long before the movies started. It pandered it to that fanbase, and that fanbase caused it to become the most successful franchise in the history of cinema. Then Disney the best move was to attack their existing fanbase to promote a fan that doesn’t exist and now they’ve lost billions. Gender swapping, nerfing, and shitting on existing OG characters to promote more competent female ones instead of just introducing existing female characters and having em fight along side each other as equals without shitting on one another is why they aren’t making any money anymore. They did the same with Star Wars! Look at what they did with Luke! Every piece of media they’ve put out which attempts this bs has failed. The only reason why X-Men 97 is successful. (I watch it) because it isn’t shitting on its characters and it’s actually sticking to the original original script from X-Men back in the 90s. It’s not inclusion and diversity that’s killing Disney.. it’s the fact they’re forcing it.

[@dinjay8882]

I really hope the show works. But the fact that they said before the show even started that they changed the orientation or gender of one of the characters makes me not have any hope. Once all the episodes come out, everything will be clear. I hope what happened to He-Man doesn't happen.

[@arctic_haze]

So you basically say that Marvel fans were all misogynistic racists who now they feel betrayed?

[@jmrf9591]

Disney stock is now up to more than 200 billion dollars.

[@user-zf9pq1jn9w]

Oh thank God in heaven

[@Gridseeker]

Bob Iger and band made some mistakes, but at least they´re addressing that mistakes and promised quality over quantity. In fact, in the case of Marvel, this year only one movie (Deadpool 3) and that´s it, so looks Iger are learning an applying, but Peltz doesn´t have any idea what´s the problem with Marvel. No matter if you replace afroamerican cast with a full caucasic cast, the movie will still suck if Disney keeps shooting movies like there´s no tomorrow, but Peltz got everything wrong.

[@jordanhelton2409]

Don’t trust what comes from bobs mouth. Just wait and see. Doubt any change is made creatively

[@Gridseeker]

@@jordanhelton2409 no doubt we must see what the future holds up, no need to scratch the head why Dan himself stated this is by no means a victory for Iger, but at least Bob recognized what's wrong with Marvel.

[@luismedrano6680]

@@Gridseeker it doesn't appear that way, Marvel is still shooting Wonder Man, editiing Iron Heart, and Armour Wars will start filming late this year or early next year as is Vision Quest.

[@weirdotzero7065]

@@luismedrano6680 That's because they already had those productions on the docket before this was made. They will likely spread these releases over the course of year, re-edited into other stuff, or(worse case scenerio) written off before release.

[@Gridseeker]

@@luismedrano6680 however, sequels of The Eternals, Ant man and The Marvels were axed due their poor box office. Iger has shown at least some signs that thing would be kinda different.

[@gelmarbechara2765]

So, how is the Disney stock doing after this?

[@DanMurrellMovies]

It was down a few dollars today. But you can't look at a stock daily and make determinations. It takes time and, more importantly, is determined by how successful Disney's strategy is. Which also takes time. Disney stock is up significantly from this time last year

[@antarchy1]

Go woke and make billions. And X-MEN 97! Great breakdown.

[@davidletarte214]

bringing in guys like peltz & perlmutter to make marvel movies would be like hiring a child to teach calculus... but i get it, some people hate math so much they'd welcome something like that.

[@Ledpooplin55]

Disney is the only major movie studio that isn't barely hanging on. It's easily the most successful company in its industry. So I'm not sure it would make sense to roll the dice and see what a guy whose vision is 'less women and black people' would do.

[@AlexP-dz7ew]

They are definitely not in that position anymore after the train wreck that was 2023 and the lack of releases set for this year. They’re down bad, from film, to tv, to parks. Everything is down

[@Ledpooplin55]

@AlexP-dz7ew No, good point. Disney better watch out for Paramount and Universal lol. But no, I'm sure the middle aged unmarried man in a gamer chair who thinks every movie is woke who told you Disney was flailing knows a lot about making investment decisions. You're exaggerating. They're fine. And they're definitely in a better position than every other movie studio. Marvels is not a good enough reason to eff with a company that makes money for its investors, these investors have to think about their wallets, not their politics.

[@jim1242]

I would say Unviersal is doing pretty well, like Disney they have theme parks to fall back on and their animation movies are doing very well. They also have a very big and stable parent company (Comcast)

[@mhawang8204]

@@AlexP-dz7ew reminder that Disney is a conglomerate that’s more than just its movie studios. Their venture into sports and video games seems to be winning some shareholders’ confidence

[@luismedrano6680]

@@AlexP-dz7ew dude, they came in 2 behind universal in tickets sold, and was #1 in 2022.

[@PetePuebla]

His statements reflect the critical drinkers thoughts on the message in Disney's films.

[@mhawang8204]

And he was mistaken to think the same sentiments of some KZbinrs would help him win over the shareholders

[@luismedrano6680]

@@erichwagner6958 yeah and they are well aware of the influence they peddle by making money off any and only negative headlines and ignoring any positives. Jeremy from the Quartering admitted as much when he said he hopes Last of US season 2 is bad just so he can make negative videos about it

[@bran7134]

I can tell you, Peltz is not out of touch. It's obvious that there's agendas to punish certain groups of people. When he said that, he's saying everyone sees right through it when you see the level of woke ideologies being pushed as they are. Bottom line, he was simply asking Disney to go back to neutrality and stick to storytelling. I hate this push for politics to be center stage. It's causing division, alienating millions, and ruining beloved stories and characters with no regard to the one thing millions upon millions are asking for Disney to do, STAY OUT OF POLITICS.

[@tfromcleveland3741]

Both sides can agree that $200 a day per person for the parks is fine. Keep dreaming poors 😢. Eat the rich

[@Phoenix-ti6tx]

Good

[@kylefukumoto5811]

I don't think Iger and Disney got a win, I think it's a draw, the last time Peltz mounted a proxy fight last year, but backed down. There was other nominees from Blackwells, but they got less votes. What Peltz proposed last time was adopted by Disney so I don't think it is a clean win. He is closely aligned with Ike Pelmutter, former CEO of Marvel Entetainment, he was in NY shutting down films like Black Panther until fired by Iger. I think of this proxy fight as revenge for the most part. This was in the MCU book. It wasn't Peltz's comments that moved votes, it was the 35% rise in stock, plans for ESPN, and investment in Epic Games. The challenge with Disney is having a succession plan in place before the end of the year, maybe two-three months from now, a clear streaming strategy, and the $30B park investment should be for upgrading parks (which hasn't been done in years), investing in Imagineering, and making each park unique. Bringing Tron Lightcycle Power Run from Shaghai to Magic Kingdom, good, but makes Shanghai less special. Stop plopping down the newest rides and build new classic attractions (high tech rides break down too much) and areas with new themes. They face Universal's #EpicUniverse, which I think is the next gen theme park, with only an upgraded Splash Mountain.

[@travisspazz1624]

Hate to break it to you but most movies have some kind of message.

[@nms7872]

in this case it is code for "things I dont agree with"

[@Renoistic]

Yeah, even a movie about a wall of drying paint would have some kind of message. Probably.

[@JDotWill]

Thank Fucking God! I don’t care for Iger but he’s better than Peltz & Perlmutter

[@jessrl8025]

The Walt Disney Company needs new people on the board who understand that constant remakes are not the way to go. It has nothing to do with woke, it is people are tired of the endless live-action remakes of the classic animated movies or boring, milk-toast movies like Wish. They need to take a chance by making some well done, mid-budget movies. Something that costs less than $100 million so it doesn't have to make nearly a billion to recoup the cost. Iger needs someone who can take him back to basics.

[@Tullaryx]

The funny thing is that by acquiring 20th Century they have those smaller studios from Fox to make those smaller to mid-level budgeted films to better round out their yearly output instead of relying on just tentpole films.

[@jim1242]

I thnk after the fact Little mermaid was not a huge hit like Aladdin or Beauty and the Beast, they might be looking at moving away from live acation remakes (the exec who pushing for all these remakes left a month ago). I guess they are stuck with Snow White, but I wouldnt be surprised if they cancel the other ones they have announced (bambi etc).

[@nms7872]

truth is, people will always crave nostalgia and what is familiar. Being interested in things they know already. I will never buy audiences being over that. Lion king and aladdin for example made well over a billion. Little mermaid cost too much but it still made more than plenty of the other flopbusters in 2023. Nostalgia will always sell and it is the audience who has craved it. Does not matter how creatively bankrupt

[@mhawang8204]

Imo Disney needs to diversify their output for more than the G or PG-13 crowd. They used to have Touchstone that made original live-action films, not sure why they moved away from that. I thought the FOX acquisition would fill the Miramax hole, but they’re not doing much with that brand.

[@lieutenantflyboy]

I’m pretty sure Nelson Peltz is the reason his daughter is in Transformers Age of Extinction and The Last Airbender

[@htruman]

I take it that she was bad?

[@DanMurrellMovies]

That's never been confirmed, though being from a wealthy family certainly provides an advantage.

[@lieutenantflyboy]

@@htruman The worst performance in each movie. And while perhaps he’s not THE reason she’s in those movies, her horrible acting and his influence kinda makes me think he had a part in it. Imo

[@DazzaS83]

Was his daughter thr one where thr film stopped the plot to explain why as a minor she can legally have a relationship with an adult?

[@DanMurrellMovies]

Yes - the infamous Romeo and Juliet law scene.