George Lucas
George Lucas according to several sources at CNBC, George Lucas has been supporting the Disney’s CEO, Bob Iger, in the upcoming proxy battle with Nelson Peltz. Disney’s largest single investor ever since the company acquired Lucasfilm in 2012 has become City’s CEO George Lucas as he received 37.1 million Disney shares after the company bought his for $4.05 billion.
Though there have been only three sources, all of them claim that Disney has been accumulating a growing number of endorsements of recent, such as Chase’s CEO, JPMorgan Jamie Dimon, and Walt and Roy Disney’s heirs.
The support of the Lucas endorsement is significant. George Lucas is not only Disney’s largest individual shareholder, he is a legendary figure in Hollywood. He made the “Star Wars” and “Indiana Jones” franchises, some of the most iconic films of all time, and he also helped to launch digital film editing and computer-generated imagery.
Nelson Peltz has launched a campaign to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board at its AGM on April 3. Among other things, Peltz aims for ac overhaul of Disney’s ailing traditional TV channels.
While Bob Iger was trying to make the media company more streamlined and its Disney+ streaming service profitable, Cohen was working on leveraging data to make the platform more user-friendly and engaging. Cohen developed different algorithms, such as the ones that suggested what shows and movies to watch next or helped to navigate excruciating amounts of episodes of a TV series.