You can be on Entrepreneur’s cover!

Hedge Fund Billionaire and Disney Investor Nelson Peltz Published 133 Pages on How Disney Should Change. Here's the Short Version. Peltz is one of two activist investors seeking a seat on Disney's board.

By Sherin Shibu

Key Takeaways

  • In the presentation, activist investor Nelson Peltz advocates for fully integrating Disney+ and Hulu into one product.
  • Disney reported stellar earnings in February, with earnings of $1.91 billion, up 49% from the same period a year earlier.
entrepreneur daily

Activist investor Nelson Peltz, the 81-year-old founder of multi-billion dollar hedge fund Trian Partners, published a 133-page presentation on Tuesday laying out what he'd push for if he wins a seat on Disney's board at its April 3 annual meeting. Peltz owns $3 billion in Disney stock.

A suggested change on the corporate governance side from Peltz is having Disney provide shareholders with numbers on how business unit leaders are compensated. Peltz also wants to revamp Disney's organizational structure, but acknowledged that "given limited transparency and public disclosure on Disney's organizational structure, it is impossible to fully understand how to best improve the current structure from the outside."

When it comes to streaming, Peltz asks for clarity around how Disney plans to keep subscribers on streaming services while also making that part of the business profitable. Disney raised prices for Disney+ and Hulu in October and introduced a Hulu tile within Disney+ in December to drive bundle subscriptions.

In the presentation, Peltz advocates for fully integrating Disney+ and Hulu into one product and evaluating if Hulu Live is a good product to offer.

Related: Disney Will Launch a 'One-App Experience' Combining Hulu Content With Disney+

Nelson Peltz, founder and chief executive officer of Trian Fund Management. Photographer: Marco Bello/Bloomberg via Getty Images

Peltz also takes issue with Disney's box office performance: "Disney's recent animated films have generated less demand at the box office and have cost significantly more to produce," the presentation reads.

While that might be true, Disney still reported strong earnings in February, with earnings of $1.91 billion, up 49% from the same period a year earlier. Disney also pointed to a 1.2 million increase in Hulu subscribers from the previous quarter.

Disney CEO Bob Iger, who Peltz personally called out in the report over his close personal relationships with Disney's board, said in March that he's "working very hard not to let this distract me."

Peltz sought board seats last year but called off the attempt after Iger announced a multi-billion dollar plan to cut costs in tech, market, content, and its workforce. Disney implemented layoffs in March that affected 7,000 people.

Related: Disney World Had Quiet Fourth of July — Are Price Hikes Driving Visitors Away?

Members of the Disney family have been critical of Peltz, with film producer and activist Abigail Disney telling the New York Times that though she has had disagreements with Bob Iger, "I know for a fact that the worst thing that could happen to the company is Nelson Peltz."

The grandchildren of Roy O. Disney and Walt E. Disney, including Abigail, signed open letters last week that clearly stated support for Iger and his leadership.

"What concerns us most about these hedge-fund-backed opportunists is that they have little to no knowledge of what Disney truly means to people like you," one letter read. "They haven't made arguments for why they should be entrusted with the keys to the kingdom our family built."

Read the whole "Restore The Magic at Disney" report here.

Sherin Shibu

Entrepreneur Staff

News Reporter

Sherin Shibu is a business news reporter at She previously worked for PCMag, Business Insider, The Messenger, and ZDNET as a reporter and copyeditor. Her areas of coverage encompass tech, business, strategy, finance, and even space. She is a Columbia University graduate.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This Dad Started a Side Hustle to Save for His Daughter's College Fund — Then It Earned $1 Million and Caught Apple's Attention

In 2015, Greg Kerr, now owner of Alchemy Merch, was working as musician when he noticed a lucrative opportunity.


Bring the Fun to Work with This $40 Xbox Accessories Bundle

Includes cables, charger base, a gaming headset, and more.

Thought Leaders

We Live in a Data-Driven World — Here's a Case For Listening to Your Gut Instead

Honing and trusting one's intuition can lead to quicker, more effective decision-making. Here's how to harness the power of listening to your gut to make the best choices.

Growing a Business

Bantam Bagels' Founder Fell Into a Mindset Trap 'People Don't Talk About' After Selling the Now-Defunct Business for $34 Million — Here's What Happened

Elyse Oleksak and her husband Nick founded their mini bagel business in 2013 — and it was an instant hit.

Business News

Yes, You Can Buy a Foldable Tiny Home on Amazon — And Now It's Selling for Less Than $12,000

The waterproof and flameproof house was listed around $35,000 a few months ago.

Money & Finance

Setting Your Business Up for Success Through the Rest of 2024

CFO's mid-year update: Understanding the latest trends and regulations impacting business finance.