The Big Picture In a significant development that's capturing the attention of the entertainment industry, George Lucas, the visionary creator behind the Star Wars saga, has publicly thrown his support behind The Walt Disney Company and its embattled CEO, Bob Iger, amidst an escalating proxy fight. The strong words of support underscore the trust between Lucas and the House of Mouse, which was forged when Disney acquired Lucasfilm in 2012 for over $4 billion.
The conflict revolves around a proxy fight initiated by activist investor Nelson Peltz, who is vying for a seat on Disney's board of directors. Peltz's campaign, led through his firm Trian Fund Management, has criticized the company's recent performance and leadership decisions.
What Did George Lucas Say About Bob Iger and Disney? Lucas's backing of Disney and Iger is not just a vote of confidence from one of the industry's most revered figures, it's a powerful statement about the strategic direction and leadership of the company as, while no longer involved with the franchise, Lucas' name is synonymous with Star Wars and as a significant shareholder in the company, his opinion is certain to carry a lot of weight with the everyday shareholders.
“Creating magic is not for amateurs. When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger’s leadership. When Bob recently returned to the company during a difficult time, I was relieved. No one knows Disney better. I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob’s track record of driving long-term value.
The acquisition of Lucasfilm by Disney was a landmark deal, bringing together two of the most influential forces in entertainment. Under Disney, the Star Wars franchise has expanded significantly, with new films, series, and theme park attractions continuing to draw in audiences around the world. Stay tuned to Collider for updates on the battle for Disney.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCLA - 🏆 319. / 59 Read more »
Source: Collider - 🏆 1. / 98 Read more »
Source: screenrant - 🏆 7. / 94 Read more »
Source: wwd - 🏆 24. / 68 Read more »
Source: screenrant - 🏆 7. / 94 Read more »
Source: 11W - 🏆 384. / 55 Read more »