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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Disney Inks Deal With ValueAct, Gains Backing of Blackwells Capital Amid Peltz Board Battle

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variety.com

Disney Co. made a strategic move amid its proxy battle with Nelson Peltz by inking an “information sharing” deal with activist investor ValueAct Capital.

The Mouse House also secured the support of investor Blackwells Capital, which said it will nominate three candidates to the board to rival Peltz’s Trian Fund Management proxy fight.

The deal with ValueAct, an investor in Disney, ensures the investment firm will support the company’s recommended slate of nominees for election to the Disney board at the upcoming annual meeting, expected to be held this spring.

Under Disney’s confidentiality agreement with ValueAct, the media conglomerate will provide information to the investment firm and consult with ValueAct on “strategic matters,” including through meetings with the Disney board and management.

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