Friday, November 22
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Disney Urged By Investor Daniel Loeb To Ditch Shareholder Dividend And Use That Money To Fund Streaming

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, […]

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