The Walt Disney Company (DIS) has successfully defeated activist investor Nelson Peltz in its long-running proxy battle for board seats. MoffettNathanson Senior Research Analyst Michael Nathanson joins Yahoo Finance Live to discuss how he believes this victory will benefit the company moving forward.
Nathanson says the decision was "a good thing" for shareholders, noting that the company’s stock has been on a stable upward trajectory over the past six months. He believes shareholders can now shift their focus to the management team and "the earnings power of this company."
According to Nathanson, the media giant must now tackle issues including improving the content cycle, concentrating on strategies for Disney+ to drive growth, and defining a plan for ESPN: "There is a lot on that to-do list," he says. However, he expresses confidence that the company now has a handle on the challenges it faces.
When asked about succession plans, Nathanson acknowledges the company’s immense "pressure" on this issue but stresses his belief that "they will get it right."
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