Disney announces sequel to blockbuster 'Frozen'

Mar 12, 2015 1:45 PM by News Staff

NEW YORK (AP) - Disney is developing a sequel to its hit "Frozen" movie and will release a new "Star Wars" movie in 2017.

The Walt Disney Co. also said Thursday at its annual shareholder meeting in San Francisco that investors had voted down shareholder proposals that would separate the CEO and chairman role and limit accelerated executive pay.

The board had recommended voting against both proposals.

Bob Iger has been CEO since 2005 and chairman as of 2012. He received $43.7 million in compensation last year, up 27 percent from the previous year.

Disney had a blockbuster year in 2014 thanks to popularity of "Frozen" and other films.

Copyright 2015 The Associated Press. All rights reserved.

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