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This comes after company veteran Bob Iger returned to the helm at the Marvel-parent to help a push for profitability at its streaming business, Disney+.Peltz's Trian Fund, after Third Point's Daniel Loeb, have pushed the company to make changes after the pandemic crushed its parks business and forced it to increase expenditure to weed out competition in the streaming industry.Here is what happened since Iger retired in 2020: Event Date Feb. 25, Iger retires after 15 years as CEO, handing the 2020 reins to Disney Parks head Bob Chapek; Iger assumes post of executive chairman Sept. 29, Disney says it will lay off about 28,000 parks 2020 unit employees due to coronavirus hit Oct. 7, Activist investor Daniel Loeb urges Disney to 2020 forgo paying a dividend and use the cash to make and buy more programming for Disney+ Oct. 12, Disney restructures its media and entertainment 2020 businesses to accelerate growth of Disney+ Feb. 28, Disney pauses film releases in Russia over 2022 Ukraine invasion March 4, Disney says it will offer a cheaper, 2022 ad-supported version of Disney+ March 10, Disney pauses all business in Russia 2022 May 16, Third Point liquidates its position in Disney 2022 during the first quarter, two years after the hedge fund first invested and began urging the media company to spend more aggressively on its streaming platform May 16, Florida Governor Ron DeSantis says he wants the 2022 state to take control of Disney's special district when it is scheduled to be dissolved in June 2023 June 9, Chief Executive Bob Chapek announces a major 2022 leadership shift, promoting Dana Walden to chairman of general entertainment content June 28, Disney board unanimously votes to extend Chief 2022 Executive Officer Bob Chapek's contract for three years Aug. 15, Third Point discloses a stake of roughly $1 2022 billion and said it plans to push the media company to make a string of changes Sept. 11, Third Point's Daniel Loeb backs off from 2022 pushing Walt Disney Co to spin off ESPN Sept. 14, Comcast Corp Chief Executive Brian Roberts 2022 signals to Disney the company will seek market value for its minority stake in Hulu Sept. 30, Disney announces a truce with activist investor 2022 Third Point, saying it would appoint tech and media veteran Carolyn Everson to the board Nov. 8, Disney reports higher streaming customers, but 2022 high costs disappoint investors Nov. 11, The company plans to freeze hiring and cut some 2022 jobs, according to a memo seen by Reuters Nov. 21, Bob Iger returned to Disney as chief executive 2022 less than a year after he retired, in a surprise comeback Nov. 28, Iger says one of his top priorities was to make 2022 the company's streaming business profitable Dec. 8, The ad-supported version of the Disney+ service 2022 launches, attracting major advertisers from different sectors Jan. 12, Activist investor Nelson Peltz formally 2023 launches a battle for board seat at Disney (Reporting by Akash Sriram and Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri) |