Walt Disney Company (NYSE:DIS) is on the brink of a significant triumph as it is anticipated to announce the rejection of two hedge fund attempts to revamp its board at the annual shareholder meeting scheduled for Wednesday.

Sources close to the matter have revealed that Disney has garnered enough shareholder support to fend off the initiatives spearheaded by billionaire investor Nelson Peltz and Blackwells Capital, signaling a strong endorsement of the company's current leadership and strategic direction under Chief Executive Bob Iger.

A victory in this context would not only affirm Iger's leadership but also reinforce the strategic initiatives undertaken by the company to adapt and thrive in the evolving media landscape.

The backing of Disney's largest shareholder, Vanguard Group, along with other key investors, for Iger and the existing board of 11 directors, has been instrumental in the anticipated outcome of the vote.

This collective support underscores the confidence in the current management's ability to guide Disney through these transformative times.

As the entertainment behemoth prepares to reveal the official voting results during its live-streamed shareholder meeting at 10 a.m. Pacific time on Wednesday, stakeholders and observers alike await confirmation of this critical juncture in Disney's storied history.