On February 8, 2024, The Walt Disney Company announced that it handily beat Wall Street?s expectations in its latest quarterly earnings and unveiled shareholder-friendly measures, including a $3bn share buyback and a 50 per cent dividend increase, as it prepares for proxy battles with Trian Partners and Blackwells Capital. The Company stated that it emphasized its cost-cutting efforts, saying it had reduced expenses by $500mn in the first quarter, and it predicted it would meet or exceed its target of $7.5bn in annualized savings this year. The Company also added that it made a series of announcements, including a $1.5bn investment in Epic Games.