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Other than “Avatar: The Way of Water,” Disney has not had a movie generate more than $1 billion since the last Star Wars movies in 2019.

Read more about Disney's cinematic drought may have opened a door for activist investor Peltz

Walden has proven herself as a top TV executive, but some ex-Disney executives question whether her resume is suitable for the Disney CEO job.

Read more about How Dana Walden could defy critics and become Disney's first female CEO

The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.

Read more about Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle

Peltz and his firm, Trian Fund Management, have asked investors to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board.

Read more about Advisory firm ISS tells Disney shareholders to side with Nelson Peltz in proxy fight

CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on ESPN’s future.

Read more about How ESPN executives plan to survive the demise of cable TV

Former Disney CEO Bob Chapek spoke to CNBC about ESPN and its future in his first public comments since his 2022 firing.

Read more about Former Disney CEO Bob Chapek breaks silence, says there's no strategic need for ESPN partners

The support from the George Lucas endorsement is key, because he’s Disney’s largest individual shareholder, but also because of his standing in Hollywood.

Read more about George Lucas backs Disney CEO Bob Iger in proxy fight with Nelson Peltz