Peltz's proxy fight/hostile takeover bid had the perverse result of boosting Disney's stock price even as Peltz was arguing the company should go back to producing family-friendly, uncontroversial, nonsexual material for children, instead of being a full-services groomer corporation. Because there was a fight for control of Disney, the stock was trading at an artificially high price -- the stock had a control-of-the-company premium baked into the price.
Well, Peltz has now taken his own support away. He sold all of his (and his investment group Trian's) stock for $120 per share, well above Disney's current $100 per share value.
Like I said, there's a control premium in the price of a big chunk of stock.
The rest of Disney shareholders won't be enjoying that premium. They'll see the stock lose value as Disney's losing streak continues and no more White Knights will try to save it.
Nelson Peltz's Trian reportedly sells out of Disney stock at $120 per share, according to source, a person familiar with the matter tells CNBC.
Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share.
No reporting about who bought the billion in stock. I would imagine it's leftwingers who are willing to lose money to keep a Marxist groomer propaganda organization under their control.
Lucasfilm gave a sneak peak of its upcoming bomb The Acolyte to its usual crowd of hand-picked Disney shill influencers.
Kathleen Kennedy must know it's terrible, because she's blaming the fans for the show's failure before the show actually debuts.
In a new interview with The New York Times for the upcoming "Star Wars" series "The Acolyte," Lucasfilm president Kathleen Kennedy said she is aware that women in the space franchise are often attacked online more than men "because of the fan base being so male dominated." Female stars Daisy Ridley and Kelly Marie Tran certainly faced online harassment from toxic fans when the most recent "Star Wars" film trilogy was released, and now "The Acolyte" is already being attacked in certain corners of the fandom.
No they didn't. In fact, Kelly Marie Tran complained of "the media" treating her badly, which the media then willfully misinterpreted as "people who consume the media" treating her badly.
...
As reported by The Times: "A loud, primordial part of the 'Star Wars' fandom has pushed back in predictable fashion [against the show]. 'Why are there so many women, girls and minority characters increasingly dominating the ranks of Jedi?' reads a comment on 'The Acolyte' trailer, with others expressing a similar worldview...Some trolls have nicknamed Headland's series 'The Wokelyte.'"
But what about Muh Representation, Kaffeine Kennedy? If I don't see myself represented on the screen, how do I know I'm allowed to watch this show?
"My belief is that storytelling does need to be representative of all people," Kennedy told the publication about her support for Headland's "Acolyte" vision. "That's an easy decision for me."
It needs to represent all people... except the second-largest group in the country, straight white men.
"Operating within these giant franchises now, with social media and the level of expectation -- it's terrifying," Kennedy continued. "I think Leslye has struggled a little bit with it. I think a lot of the women who step into 'Star Wars' struggle with this a bit more. Because of the fan base being so male dominated, they sometimes get attacked in ways that can be quite personal."
...
"As a fan myself, I know how frustrating some 'Star Wars' storytelling in the past has been. I've felt it myself," she said. "I stand by my empathy for 'Star Wars' fans. But I want to be clear. Anyone who engages in bigotry, racism or hate speech ... I don't consider a fan."
Well, most of us stopped being fans a while ago.
Meanwhile, Disney has filed a "weak" motion in support of its previous motion to dismiss the Gina Carano lawsuit.
Gina Carano
@ginacarano
Disney you have a problem, you call others what you yourselves are, you do and are the things you tell others not to do or be. You demand apologies and can never figure out how to give one.
My case should NOT be dismissed, I deserve the right to present this to my peers and judge in the court of law.
Other artists in this industry should take notice. Most of you already know and I appreciate all the messages of support.
I thought you preach about listening to all women, am I getting that right Hollywood?? Every ounce of me is a woman and I'm ready to be listened to.
Double standards, hypocrisy, discrimination.. Things need to change and they KNOW it and so does everyone else.
Court date set June 12th in LA.
Pray with me level heads prevail.
The hearing is on June 12th.
If you recall, Disney's defense against her action for wrongful termination and gender discrimination -- and remember, unlike most other states, California law says you cannot fire someone for political activity -- was that they are a company engaging in the first amendment and therefore they have an absolutely unlimited right to fire anyone they want for any reason, including for what would otherwise constitute illegal discrimination.
CBS and Paramount are making the same claim in a lawsuits based on their refusal to hire a straight white male writer. They claim they can discriminate based on race and sex because they operate in the realm of expression and the first amendment provides absolute protection for any discriminatory hiring or firing they do.
Hm, does that apply to all of us? Does that apply to the DEI rainbow of protected groups, too?
Or just to white men?
I have a feeling it's just white men.
CBS and Paramount Global have filed a response to a discrimination lawsuit by a writer who claimed he wasn't hired because he was a straight, white man.
Brian Beneker filed his suit in March, complaining that he was not hired as a staff writer for the series SEAL Team solely for reason of his race, sex, and/or sexual orientation.
"Defendants failed to hire or promote Mr. Beneker due to his race, sex, and heterosexuality," the complaint from longtime SEAL Team script coordinator and freelance scribe Beneker read.
Beneker said in the complaint that he suffered by not being part of "the favored hiring groups; that is, they were nonwhite, LGBTQ, or female," and the "illegal policy" of increasing diversity, equity and inclusion measures.
"This balancing policy has created a situation where heterosexual, white men need 'extra' qualifications (including military experience or previous writing credits) to be hired as staff writers when compared to their nonwhite, LGBTQ, or female peers, who require no such 'extra' qualifications," the filing added.
CBS responded today and asked for a quick dismissal.
CBS "has a constitutional right under the First Amendment to select the writers whose work shapes CBS's artistic enterprise," the motion filed today read. CBS also asserted that aspects of Beneker's complaint are time-barred and fail to state a claim on which relief can be granted.
"The First Amendment bars Beneker's claims in full. The First Amendment embodies a core principle of speaker's autonomy that bars the government from dictating to expressive enterprises like CBS what to say and how to say it. It therefore displaces applications of statutes, including anti-discrimination laws, that would force an expressive enterprise to compromise its own message."
Does Elon Musk have the right to hire only white and Asian men, then? He owns the ultimate free speech platform.