Disney Urged By Investor Daniel Loeb To Ditch Shareholder Dividend And Use That Money To Fund Streaming

Activist investor Daniel Loeb, whose Third Point owns a small stake in Disney, is urging the media giant to ditch its shareholder dividend and re-route those funds to streaming. “Beyond bringing additional subscribers onto the platform, increased velocity of dedicated content production will deliver several knock-on benefits spread across your existing base including elevated engagement, […]