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Activist Investor Dan Loeb on Why Disney Needs to Double Its Streaming Spending (EXCLUSIVE)

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variety.com

Brent Lang Executive Editor of Film and MediaDan Loeb believes that The Walt Disney Company could conquer the world of streaming.

But it hasn’t yet, and it might need some help.The activist investor argued in a letter to Disney CEO Bob Chapek on Wednesday that Disney must double the amount of money it spends producing and acquiring content for Disney Plus, ESPN Plus and Hulu if it wants to catch up with one of its biggest rivals, Netflix.“The good news about Disney versus Netflix is this is not Yahoo versus Google, where Google had an insurmountable gain and a network effect where Yahoo was never going to catch up,” said Loeb, who runs the Third Point hedge fund, in an interview with Variety.

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