The Walt Disney Company has ousted Marvel Entertainment chairman Isaac Perlmutter, citing cost-cutting moves as part of .
Perlmutter, 80, had long feuded with Disney CEO Bob Iger, repeatedly backing activist investor Nelson Peltz's failed bid to join the company's board as part of a campaign to slash costs.
Perlmutter was informed in a Wednesday phone call that Marvel Entertainment, a small consumer products division run separately from mammoth Marvel Studios, would be folded into other business units, sources told the .
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