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Activist Investor Dan Loeb Urges Disney to Skip Dividend to Invest in Streaming Content
Brent Lang Executive Editor of Film and MediaDaniel Loeb is calling on the Walt Disney Company to suspend its dividend and reinvest the money in acquiring and producing new content for its streaming services At the same time, the Third Point hedge fund chief argues that Disney should take more of its upcoming blockbusters and place them on Disney Plus, suggesting that streaming services and not theatrical exhibition are the future of movies “Just this week, Regal Cinemas shuttered all its US operations and physical theaters.
