09:11 AM EDT, 03/19/2024 (MT Newswires) -- Disney ( DIS ) Chief Executive Bob Iger received an endorsement from filmmaker George Lucas amid an ongoing proxy battle launched by activist investor Nelson Peltz, according to a CNBC report on Tuesday.

Lucas is currently the largest individual investor in Disney ( DIS ) after receiving 37.1 million shares of the company for selling his production studio Lucasfilm in 2012, the report said, citing multiple sources.

"I remain a significant shareholder because I have full faith and confidence in the power of Disney ( DIS ) and Bob's track record of driving long-term value. I have voted all of my shares for Disney's ( DIS ) 12 directors and urge other shareholders to do the same," Lucas said in a statement quoted by CNBC.

Disney ( DIS ) and Lucasfilm did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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