Star Wars mastermind George Lucas — Disney's largest individual shareholder — has come out with a statement supporting Disney's board and CEO Bob Iger, urging Mouse House investors to reject bids by two activist investor groups to take seats on the media company's board.
"Creating magic is not for amateurs," Lucas said in a statement released Tuesday. "When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my longtime admiration for its iconic brand and Bob Iger's leadership."
Lucas continued, "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. I have voted all of my shares for Disney's 12 directors and urge other shareholders to do the same."
Under Iger, Disney acquired Lucasfilm in 2012 for $4 billion, a deal under which Lucas received 37.1 million Disney shares. Lucas, who had founded the company in 1971, has an estimated net worth of $7.9 billion, per the Bloomberg Billionaires Index. He is Disney's largest individual shareholder, according to sources familiar with the company.
At Disney's 2024 annual shareholders meeting, to be held virtually April 3, investors will vote on rival board candidate slates — Disney's own 12-member lineup, Nelson Peltz's Trian Partners two nominees (Peltz and ex-Disney CFO Jay Rasulo) or three from investment firm Blackwells Capital. Peltz, for one, has argued that Disney's stock has underperformed the market and that the company needs to adopt and execute more urgent strategies to drive sustained and profitable growth.
Lucas's comment that "creating magic is not for amateurs" may be a reference to Disney's point that Peltz has admitted that he has no media experience. The filmmaker's statement comes as Disney has won other supporters in the board fight. On Monday, independent proxy voting advisory firm Glass Lewis issued a report recommending Disney shareholders vote for the Disney's 12 director nominees.
Last month, grandchildren of Walt Disney and his brother Roy O. Disney issued open letters criticizing the activist investors' campaigns threatening to shake up the Disney board and threw their support behind Iger and the current board.
Disney has previously said it opposes the candidates nominated by Trian and Blackwells as lacking "the appropriate range of talent, skill, perspective and/or expertise" and urged shareholders to vote for its own 12 nominees.
Disney last week released its strongest rebuttal to Peltz to date, in a video that called the proxy fight being waged by Trian "disruptive and destructive" and said Peltz's "quest also seems more about vanity than a belief in Disney. Why else would he sell 500,000 Disney shares over the past six months in the middle of his proxy fight?" Trian Partners controls some $3.5 billion worth of Disney stock, 79% of which is owned by ex-Marvel Entertainment chairman Ike Perlmutter, whom Disney has accused of harboring a long-standing personal grudge against Iger.
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I'd actually be interested in those two playing those roles, though I'd really want to see the reverse.
The Acolyte.......starring a mixed race female as the lead........remember when Star Wars was just for dudes....
Star Wars mastermind George Lucas — Disney's largest individual shareholder — has come out with a statement supporting Disney's board and CEO Bob Iger, urging Mouse House investors to reject bids by two activist investor groups to take seats on the media company's board.
"Creating magic is not for amateurs," Lucas said in a statement released Tuesday. "When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my longtime admiration for its iconic brand and Bob Iger's leadership."
Lucas continued, "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. I have voted all of my shares for Disney's 12 directors and urge other shareholders to do the same."
Under Iger, Disney acquired Lucasfilm in 2012 for $4 billion, a deal under which Lucas received 37.1 million Disney shares. Lucas, who had founded the company in 1971, has an estimated net worth of $7.9 billion, per the Bloomberg Billionaires Index. He is Disney's largest individual shareholder, according to sources familiar with the company.
At Disney's 2024 annual shareholders meeting, to be held virtually April 3, investors will vote on rival board candidate slates — Disney's own 12-member lineup, Nelson Peltz's Trian Partners two nominees (Peltz and ex-Disney CFO Jay Rasulo) or three from investment firm Blackwells Capital. Peltz, for one, has argued that Disney's stock has underperformed the market and that the company needs to adopt and execute more urgent strategies to drive sustained and profitable growth.
Lucas's comment that "creating magic is not for amateurs" may be a reference to Disney's point that Peltz has admitted that he has no media experience. The filmmaker's statement comes as Disney has won other supporters in the board fight. On Monday, independent proxy voting advisory firm Glass Lewis issued a report recommending Disney shareholders vote for the Disney's 12 director nominees.
Last month, grandchildren of Walt Disney and his brother Roy O. Disney issued open letters criticizing the activist investors' campaigns threatening to shake up the Disney board and threw their support behind Iger and the current board.
Disney has previously said it opposes the candidates nominated by Trian and Blackwells as lacking "the appropriate range of talent, skill, perspective and/or expertise" and urged shareholders to vote for its own 12 nominees.
Disney last week released its strongest rebuttal to Peltz to date, in a video that called the proxy fight being waged by Trian "disruptive and destructive" and said Peltz's "quest also seems more about vanity than a belief in Disney. Why else would he sell 500,000 Disney shares over the past six months in the middle of his proxy fight?" Trian Partners controls some $3.5 billion worth of Disney stock, 79% of which is owned by ex-Marvel Entertainment chairman Ike Perlmutter, whom Disney has accused of harboring a long-standing personal grudge against Iger.
Star wars is now gay Frozen incest
So they either dig up dirt on Lucas or he has final succumbed to the mind virus.
Shame, but if he wants to shit on his own legacy, that's on him.
Omg the action scenes with the chicks are unbelievably bad, absolutely hideous
Maybe give fans what they want instead of shoving shit down their throat.
I stopped caring about this series after TRoS and after Obi-Wan season 1, I stopped engaging with Star Wars content. After watching the Acolyte trailer, it's nice to know that I made the right decision.
Making Star Wars content should be the easiest thing in the world but they just can't help themselves and they fuck it up.
I should have been done after Last Jedi, Solo should have been the final straw but in the end it was the Obi-Wan show that just killed Star Wars for me. It's at the point where Star Wars is 3 good movies and then seemingly endless hours of various creators trying to capture that and failing to varying degrees.
Embarrassing.
The Acolyte.......starring a mixed race female as the lead........remember when Star Wars was just for dudes....
It was never really "just for dudes" but I would day the majority of the audience was dudes.
Would a show like The Acolyte really see black women flocking to Star Wars and spending money on subscriptions etc?
If we follow the logic of Disney on this one, people prefer to watch a show with someone who "looks like me" in it. So why would the traditional Star Wars enjoyer have any interest in this?
They are purposefully pitching these shows to an imagined audience that doesn't seem too interested.
I would go as far as to say that if you follow the seasons of The Mandalorian you can almost see them realise that the show was popular but with the wrong audience so they started messing about with it. Can't have something that's popular with the regular Star Wars fans so put a chick in it...
I'm more confused as to why the feminazis running Lucasfilm thought THIS this would attract an audience.This is the fundamental flaw at the heart of all ideologies based on Russo and Locke based liberalism, who forwarded the idea of 'the noble savage' and all people being 'blank slates'.
The idea that all human behaviour is a social construct and that people can be moulded to become identical to any other group is simply wrong. The most obvious difference is the tastes of men and women. In the context of movies, you will never be able to get more men to watch romance than women, of more women to watch sci fi than men. Biological reality just won't ever allow that to happen.
And so we get the clusterfuck that is modern Star Wars, where the far left cultists running the show are literally incapable of understanding why their attempts to change the audience isn't working, and why the previous audience is rejecting it, because to their minds they're genuinely just meant to be expanding the audience, drawing in more viewers while still providing the audience with the trappings of what should have already moulded them into a fixed set of tastes, that can simply be superficially catered to with a little nostalgia bait.
The idea that they're wrong, that everything they fundamentally believe, what they were taught by authority figures they paid an enormous amount of money for, that all their peers believe, and that they have dedicated their lives to at the expense of family and happiness, for that to all just be a lie, well they just aren't capable of wrapping their heads around it, either psychologically or intellectually.
I'm more confused as to why the feminazis running Lucasfilm thought THIS this would attract an audience.
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Like come on, I don't think Kelly Marie Tran is ugly, but she's sure as shit ain't going to turn any heads. Let alone attract an audience who are used to seeing some fine female representation in their Star Wars cinema experience.
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These feminists complain about beauty standards that have existed for a reason. The reason being nobody likes to see plain dumpy people onscreen.