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Benzinga
Benzinga
Entertainment
Chris Katje

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

Disney Dan Loeb ESPN DIS Bob Chapek Hulu Board of Directors NYSE Walt Disney Company Nasdaq

Activist investor Dan Loeb issued a letter to The Walt Disney Company (NYSE:DIS) CEO Bob Chapek and the company’s Board of Directors Monday. Loeb took a stake in Disney via Third Point and 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.

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