Disney announces ‘Coco’ sequel at annual shareholders meeting
At its yearly gathering of stockholders on Thursday, The Walt Disney Company celebrated its achievements, highlighting the triumphs of both its theatrical releases and TV series from the previous year. Additionally, they shared updates about their investments in the parks division and unveiled plans for a follow-up to the 2017 animated Pixar film “Coco.
This year’s online meeting had a much more positive atmosphere compared to last year’s meeting, which was marked by tension due to a failed attempt by billionaire activist investor Nelson Peltz to join the board and change the company’s direction.
During the meeting on Thursday, Disney emphasized its creative prowess and vast investments spanning various forms of entertainment.
Hollywood Inc.
In the run-up to Disney’s yearly shareholder gathering, stakeholders and financial experts express their expectations for the corporation.
The gathering commenced by showcasing a preview reel emphasizing the diverse array of ventures managed by the media and entertainment company based in Burbank, featuring animated movies such as “Frozen”, Marvel Studios’ “Captain America: Brave New World”, TV series like “Shogun” on FX and Hulu, Disney’s theme parks and cruises, the nightly news program “ABC World News Tonight” with David Muir, and sports coverage from ESPN, specifically the WNBA.
At a recent gathering, company CEO Bob Iger expressed excitement about the fresh creative surge at our workplaces, the daring approaches we’re taking with our streaming and sports initiatives, and our strategic investments in enhancing user experiences. He emphasized how we skillfully utilize technology across all aspects of our operations, and invited everyone to feel inspired and invigorated by the endless opportunities that lie ahead.
In a landslide decision, shareholders gave their strong approval to the ten candidates running for positions on the board of directors.
In addition, they approved the selection of PricewaterhouseCoopers as the independent auditors for this financial period and agreed to the company’s proposed executive remuneration plan, which primarily links payment to the attainment of the company’s financial objectives.
As a dedicated cinema enthusiast, I was disappointed to learn that three proposals put forth by shareholders were not granted approval during the recent meeting. These included:
1. A proposal requesting Disney to compile a report outlining strategies to safeguard its employee retirement plan investments from climate change impacts.
2. A motion to withdraw Disney’s participation in the Human Rights Campaign’s annual corporate equality index, which assesses workplace inclusivity for LGBTQ+ employees.
3. A request for Disney to reassess their advertising policies, ensuring neutrality in political and religious matters and avoiding any form of discrimination against diverse perspectives.
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2025-03-20 22:31