With that, the meeting has now concluded.
With that, the meeting has now concluded.
Bob says they would be thrilled to continue working with Taylor Swift in the future.
Will other Taylor Swift concerts be added to Disney+
Time for the last question.
"I've never been more bullish about women's sports and I think evident the popularity has grown tremendously just by result hz week of the women's college basketball post season. Where the game between Iowa and LSU attracted over 12 million viewers"
The next question is about women's sports within the ESPN portfolio.
Answer: "I believe we have a responsibility to do good in the world and not to advance any kind after Jenneda. As long as I'm in the job I'm going to continue to be guided by a sense of decency and respect and we'll trust our instincts."
Next question: Is it possible for Disney to stay out of political and social agendas and just provide entertainentertainment?
There is a question about a high school mentorship program. Bob responds by sharing they do not have a formal program.
The next question is about when we will hear more about what the parks investment will be. Bob says they have a cadence to announcements and will share more when they have tangeable things to share.
"Walt understood that story telling is the power to connect us all to one another. And even after these years we're still guided by the same core ideals of respect, understanding and compassion and under wafering sense of optimism. And our stories continue to celebrate heros, emphasize family and friendship." - Bob Iger
The next question is "As societal values and norms change how does the Walt Disney company balance the tags being of evolving with the times to create timeless content that appeals to current generations and till preserving rich traditions of human connection and original storytelling?"
He showcases upcoming releases such as Kingdom of the Planet of the Apes, Alien: Romulus, and Deadpool and Wolverine.
The next question is about reaching older audiences.
He calls the settlement a win-win.
According to Bob Iger, the agreement reached with the Central Florida Oversight District last week will actually enable them to undergo significant investment in Florida parks.
Bob says that the premise of the question couldn't be farther from the truth. He runs through recent openings at Walt Disney World including Avatar, Galaxy's Edge, Runaway Railway, and the EPCOT transformation.
Question 3: With epic universe opening up in Orlando in 2025 why hasn't Disney prepared anything or placed more than just a handful of attractions in the pipeline to be ready for this in 2025 at Walt Disney World?
Bob says that the level of quality at the parks is the top priority for them. He mentioned recent changes to park hopping rules and the additional investment in the parks.
Question 2:
"The parks are a special place and deserve to be maintained, restored and treasured for the next generation and generations to come. How is Disney striving to restore the perks, service level and details that truly make a Disney theme park experience special?"
He talks about the progress they have made with streaming including the recent integrating of Hulu into Disney+.
Question 1 is about streaming strategy.
Now the Q&A portion of the meeting. The questions were presubmitted and asked by a moderator.
"Now that this distracting proxy content test is behind us we're eager to focus 100% on of our attention on growth and valuation for shareholders and creative excellence for consumers."
Now we have a live message from Bob Iger.
"Our plans are ambitious, our strategy is working and our future is bright. So on behalf of after all of us at Disney we're grateful to you, our share holders for your support and belief in this amazing company and it's extraordinary future." - Bob Iger
Now Bob is talking about other company programs such as Heros Work Here, Disney Aspire, and their partnership with Make-A-Wish.
We are now getting a look at Disneyland's version of Pandora.
Bob Iger calls out that DisneylandForward will be going to the Anaheim City Council later this month.
He starts by talking about the recently announced deal with Epic Games.
Now to the experience business....
The standalone ESPN will be available through Disney+ for bundle subscribers.
Now Bob is talking about ESPN including the expanded College Football Playoff rights, the joint venture, and the stand-alone ESPN product.
Now we are getting a preview of the upcoming season of FX's The Bear.
The stars of Moana will be returning for the sequel, while also confirming the live-action adaptation of the original film.
They also shared a first look at an image from Moana 2.
The scene features Anxiety explaining to the other emotions that she is there to protect her from the things she can't see.
Now we are getting a special sneek peak at Inside Out 2.
"Disney led the industry with 20 Oscar nominations, winning five, including best ac stress, and received 27 golden globe and won top prizes for poor things and the bear. And this year's Emmy awards we took home 37 wins. More than any other entertainment company." - Bob Iger
"Anchoring this work are four key building priorities we're reinvigorating creativity at film studios on the path to achieving sustained profitability in streaming. We're positioning ESPN for the future and turning it into the free eminent digital sports platform and turbo charging growth in experiences business including our domestic and international parks and cruise line" - Bob Iger
"We've embarked to restore creativity to our businesses and return Disney to a period of sustained growth today we stand on a more solid foundation fortified by our ambitious course of action over this past year. We're once again building our businesses for growth." -Bob Iger
"Our brands, including Disney, ESPN, ABC, Pixar, marvel, Lucas film, "National Geographic," FX, search light and more, are part of a dynamic collection of businesses all pushing the envelope of creativity and innovation to tell great stories to the world."
Bob Iger now begins the non-business portion of the meeting with a pre-recorded message from Disneyland
The full Disney board slate has received by a significant majority of shareholders over the Trian and Blackwells nominees.
The vote is now closed.
There is now a pause to give people time to vote.
The Trian and Blackwells proposals will not be seperatley presented. The Company is against both proposals.
The Board recommends a vote against the proposal.
The shareholder believes Disney is supporting controversal issues by supporting certain LGBT charities.
The next proposal is from the National Center for Public Policy Research requesting a report for Disney's charitable giving.
Disney's Board recommends a vote against the proposal
The proposal is for a report on how Disney provides "de-transitioning care."
The next shareholder proposal from the Legal and Policy Center.
Disney's board recommends a vote against the proposal.
The shareholder has concerns about Disney contributing to politicians that disagree with their position on climate change and are anti-abortion, among other items.
This proposal is regarding reporting of their political contributions.
The next proposal from the Educational Foundation of America.
The Board has recommended a vote against the proposal.
Disney approved a proposal in December 2023 regarding cash "golden parachutes" but this proposal would increase it to cover non-cash compensation.
Next we have a representative of shareholder whose proposal is regarding "golden parachutes" which is when executives are given large sums when they depart the company.
The Blackwells Group will not be addressing shareholders regarding their nominees.
Peltz says that regardless of the results of today's vote, they will be watching Disney's performance.
He says there are still questions about Disney's strategy despite recent changes and stock price increases.
He says that Disney is a company that occupies a special place in the hearts of millions around the world, including himself.
Peltz says they have more than $3.5 billion invested in Disney.
Nelson Peltz now has three minutes to present his directors.
Disney has waived the right for Trian and Blackwells to formally nominate their directors.
Horacio Gutierrez, Disney's Senior Executive Vice President, Chief Legal and Compliance Officer starts the business portion of the meeting.
"I'm grateful to you, our share holders for your trust and confidence as we help chart Disney's path forward." -Mark Parker
Here we go!
We are now starting with the Chairman of the Board Mark Parker, officially opening the meeting.
Welcome! Today's meeting is expected to begin at 10 a.m. PT/1 p.m. ET. Get ready!