Bob Chapek tv video film broadway and Bob Chapek

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

Reading now: 233
deadline.com

Dade Hayes Finance EditorDaniel Loeb, whose Third Point hedge fund 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, lower churn, and increased pricing power,” Loeb wrote in a letter to Disney CEO Bob Chapek, a copy of which was provided to Deadline.The change should not just be a 2020 decision, the letter maintains. “We believe the company should permanently suspend its $3 billion annual dividend, redirect capital entirely into content production and.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA