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Bob Iger Pushes Back on Marvel Fatigue, but Says Disney Quietly Canceled Movies
The Disney CEO was interviewed at a Morgan Stanley conference in San Francisco on Tuesday, where he called the Nelson Peltz-led proxy fight a "distraction" for the company.
“You have to kill things you no longer believe in, and that’s not easy in this business, because either you’ve gotten started, you have some sunk costs, or it’s a relationship with either your employees or with the creative community,” Iger said. Iger’s comments come amid a pivotal moment for Disney, with a pair of activist shareholders — Nelson Peltz’s Trian and Blackwells Capital — each seeking board seats. During Disney’s last earnings call, Iger announced a slew of projects and deals hoping to push back against the activists, including a partnership and$1.5 billion investment in Epic Games that will bring Disney franchise IP to the Fortnite universe; a surprise Moana sequel, which will hit theaters this year; a deal to bring Taylor Swift’s Eras Tour movie to Disney+ next month; and a fall 2025 launch date for ESPN’s direct-to-consumer flagship service.
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