Disney developing sequel to blockbuster 'Frozen,' investors vote down shareholder proposals

StocksAssociated Press

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.

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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.