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George Lucas Sides With Bob Iger in Proxy Fight for Control of Disney

Discussion in 'SWNN News Feed' started by SWNN Probe, Mar 19, 2024.

  1. SWNN Probe

    SWNN Probe Seeker

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    Star Wars creator George Lucas has opted to side with The Walt Disney Company Chief Executive Officer Bob Iger in the ongoing saga of the fight for control over Disney's board of directors.



    For a short recap - Nelson Peltz and his Trian Partners investment firm have been leading an effort for over a year to try to get elected into Disney's board. They've been recruiting some investors, including former Marvel Entertainment Chief Executive Officer Ike Perlmutter, while Iger has been trying to rally support from everyone under the sun. All roads lead to the annual investor meeting on April 3, where there will be a vote on whether to include Peltz and other nominees on the board.



    The Hollywood Reporter has shared the news that George Lucas issued a statement confirming his commitment to the current leadership:



    Other prominent voices supporting Iger include the family of Walt and Roy Disney and the shareholder service firm Glass Lewis. The predominant narratives pushed by Disney have framed Nelson Peltz and his allies as dangerous for the long-term health of the company and Bob Iger to be the most stable hands guiding the company.



    George Lucas has a lifelong interest in Disney, down to attending the original Disneyland park in its second day of operations. Lucas's involvement with Disney began in 1986 with the development of the original iteration of the Star Tours ride, with the franchise's expansion into the parks incrementally growing over time.



    As part of his plans to retire from filmmaking and support the arts, Lucas sold Lucasfilm in 2012, launching a new era of the Star Wars franchise that has resulted in more live-action and animated content being developed and released in the past 12 years than the previous 39 (from 1973, when writing for the film that would become Star Wars: A New Hope began, to the year of the sale). He is one of Disney's largest individual shareholders following the $4B sale of Lucasfilm and all the IPs tied to the company, which included $1.8B in stock (with the bulk of this fortune to supporting public schools).



    This is not to say that Bob Iger and George Lucas have not had issues in the past. Iger's autobiography A Ride of a Lifetime makes note that Lucas was disappointed that the company opted not to directly use his treatments for the story of the Star Wars sequel trilogy, and that he had some reservations about the creative direction of Star Wars: The Force Awakens prioritizing a nostalgic approach after a private screening ahead of the release of the blockbuster film. Nonetheless, it appears that Lucas has opted to side with an executive who - tone-deaf comments in the middle of last year's writer's strike aside - has a reputation for being supportive of creatives over a new board that would reduce support for them.



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    #1 SWNN Probe, Mar 19, 2024
    Last edited: Mar 19, 2024
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  2. Veronica

    Veronica Rebel General

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    I was under the impression that Perlmutter is a 'bean counter' who only thinks about the bottom line and not art. George Lucas might not like the choices that Iger made. But he knows that things can be much, much worse under the leadership of people like Perlmutter.
     
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  3. Pomojema

    Pomojema Ayatollah Of Rock-&-Rolla
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    He absolutely is. Dude apparently skimped out on *plastic plates* at a catering event because paper was slightly cheaper.

    He's been pissed at Kevin Feige ever since he got overridden on Captain America: Civil War, when the company opted to re-up Robert Downey Jr.'s enormously expensive contract for a few more movies. He wanted the MCU's single-biggest asset out.
     
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  4. madcatwoman17

    madcatwoman17 Rebel General

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    You know....a lot of fans are being angry online because of Lucas's support for Iger, but let's face it, he sold to Disney after the awful backlash he got for the PT. Yes, creators do owe their fans, but it doesn't give us the right to bully and harass them. Express your disappointment, but not in the manner showed by the appalling treatment of Jake Lloyd, Ahmed Best, and yes, Rian Johnson. Sometimes we fans can be our own worst enemy.:(
     
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  5. Mando LXXXV

    Mando LXXXV Rebel Official

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    ^Agreed
     
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  6. Martoto

    Martoto Force Sensitive

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    Creators don't owe us anything.
     
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  7. MBWilson

    MBWilson Force Sensitive

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    Iger wins! Shareholders have rejected Peltz.
     
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  8. madcatwoman17

    madcatwoman17 Rebel General

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    Er...we DO pay their wages!
     
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  9. Martoto

    Martoto Force Sensitive

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    I'll take the money back then.
     
  10. Martoto

    Martoto Force Sensitive

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    Now that I think about it. I'll take my dividend in Funko Pops. They might appreciate.
     
  11. madcatwoman17

    madcatwoman17 Rebel General

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    If creators destroy your favourite franchise, there is a far better way of showing your displeasure than resorting to death threats and social media nastiness.

    Stop buying the product. I did.
     
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  12. Martoto

    Martoto Force Sensitive

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    If the franchise is "destroyed" then there wouldn't be any product to stop buying.
     
  13. madcatwoman17

    madcatwoman17 Rebel General

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    I'm talking about if it's destroyed for a viewer personally.
     
  14. Martoto

    Martoto Force Sensitive

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    That would mean that the creators "owed" every individual fan in the context of their own personal demands and needs. I'm opposed to the idea of creator indebtedness in general. But you've got to see how the idea that a debt is owed to each fan based on their opinion of how destroyed they think the franchise is, is astronomically unrealistic.

    Also, if you choose to stop dealing with something, you literally cannot be owed anything by them.
     
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  15. madcatwoman17

    madcatwoman17 Rebel General

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    Well, I simply don't see the point of paying money to watch something I no longer enjoy, I'd rather spend it on my cats!:p

    Creators shouldn't be threatened, that is what I'm saying, but I DO suspect a very few of them seem to like building up a 'fan following' and then deliberately pulling the rug from under a person's feet. There was a large fan following for a series of YA fantasy books years ago where the writer focused on a relationship between two characters ( I didn't read the books myself, but I know a lot of my mates at the time did).
    They really loved the relationship, then for apparently no reason the writer chose to end the book series by having the female suddenly drop her boyfriend for another character despite never having romantic feelings for him before. A lot of starry eyed young girls got their hearts broken, believe me, and before someone says 'it's just a fantasy, and people shouldn't get so worked up', most of us need some escapism in our lives, whatever our ages. One of my mates never bought any of the writer's books again, she was so 'burned'. I thought that was a bit spiteful, to be honest, but there ya go.
     
    #16 madcatwoman17, Apr 5, 2024
    Last edited: Apr 5, 2024
  16. Martoto

    Martoto Force Sensitive

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    No argument here.

    I don't recognise that scenario in the Star Wars franchise. in any way shape or form.
     
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