Billionaire Nelson Peltz criticized Disney's film strategy as pursuing woke messaging instead of simply being entertaining.
Owner of Trian Fund Management, Peltz has been rumored since 2023 to be seeking seats on Disney's board of directors for his company. With a reported $3.5 billion stake in the company, the investor has criticized CEO Bob Iger's reinstatement and other company moves.
With Peltz launching criticisms at the company, Disney has claimed that Peltz hasn't "presented a single strategic idea" over the course of two years that he has campaigned for board seats.
Peltz was asked in a recent interview about the mouse brand's comments, to which he countered with a series of retorts about its film divisions.