CEO Bob Iger is fighting off activist investor Nelson Peltz, who argues the company spends too much on message-based “woke” programming and is campaigning for seats on the Disney board.

This episode was produced by Hady Mawajdeh and Jesse Alejandro Cottrell, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Patrick Boyd, and hosted by Noel King.

Transcript at vox.com/todayexplained

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