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5 Things This Disney Activist Investor Wants: ESPN Spinoff, Hulu Buyout and 'Preserve This Policy'

Benzinga Real-time News ·  Aug 15, 2022 19:28

Activist investorDan Loebissued a letter to$Walt Disney(DIS.US)$CEOBob Chapekand the company's Board of Directors Monday. Loeb took a stake in Disney viaThird Pointand is seeking to have constructive engagement with the company.

In the letter, Loeb congratulates Chapek on the recent quarter and the success of Disney+. The investor highlights a transition from theatrical releases to digital distribution, similar to a SaaS (software as a service) business model.

"We expect to see the quality of Disney's financial results improve as the company's business shifts further," Loeb writes.

Here...

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