Bloomberg Daybreak: Asia Edition
APAC Markets, Disney Vote
Apr 4, 2024
Geetha Ranganathan discusses Disney's proxy vote and potential deal with Skydance Media. Mark Cranfield shares insights on global markets and economic outlook from Singapore. Belita Ong talks about the Fed's interest rate cuts and global market perspectives. Topics include Disney's strategic transformation, Sherry Redstone's stake sale, Federal Reserve's monetary policy, Japan's market developments, and investment opportunities in Asia.
23:33
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Quick takeaways
- Disney focuses on streaming profitability as a key priority post successful proxy vote.
- Succession planning and emphasis on streaming profitability shape Disney's business goals for future growth.
Deep dives
Disney Shareholders Vote of Confidence in Bob Iger
Disney shareholders voted in favor of all Disney board choices, rejecting dissident investor Nelson Peltz's bid for board seats. Former Disney finance chief Jay Rasulo's bid was also denied. Bob Iger emerges victorious from the vote, with focus shifting to streaming profitability as a key priority for the company.
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