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Blake, Wm. The Vision of Eliphaz. 1821.

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George Lucas has expressed strong support for Disney CEO Bob Iger amid a proxy battle with activist investors. The Star Wars creator is among Disney’s largest individual shareholders after selling Lucasfilm to Disney in 2012. 

Disney is facing significant criticism from investors over streaming losses and stock performance. Trian Fund Management and Blackwells Capital have launched public campaigns, including satirical animations and websites, to win shareholder support for their board nominees.

Lucas: “Creating magic is not for amateurs. When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger’s leadership. When Bob recently returned to the company during a difficult time, I was relieved.”

He continued: “No one knows Disney better. I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob's track record of driving long-term value. I have voted all of my shares for Disney's 12 directors and urge other shareholders to do the same.”