Walt Disney's late Monday news that it has decided to reorganizewith a focus on streaming drew much Wall Street reaction on Tuesday as some experts said it creates new questions for investors.
Disney's stock was up more than 4 percent in early trading. The shake-up, unveiled less than a week after activist investor DanLoebsent a letter to the Hollywood powerhouse and its CEO Bob Chapek to urge it to permanently suspend its $3 billion dividend and invest the additional cash in streaming content, took most by surprise.
Loeband his Third Point commented toThe Hollywood Reporterabout the company's announcement:"We are pleased to see thatDisneyis focused on the same opportunity that makes us such enthusiastic shareholders: investing heavily in.
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