{"id":75910,"date":"2020-10-08T00:25:37","date_gmt":"2020-10-08T04:25:37","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=75910"},"modified":"2020-10-07T23:57:55","modified_gmt":"2020-10-08T03:57:55","slug":"activist-investor-dan-loeb-calls-on-disney-to-end-its-3-billion-annual-dividend-and-use-the-funds-for-disney","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2020\/activist-investor-dan-loeb-calls-on-disney-to-end-its-3-billion-annual-dividend-and-use-the-funds-for-disney.html","title":{"rendered":"Activist investor Dan Loeb calls on Disney to end its $3 billion annual dividend and use the funds for Disney"},"content":{"rendered":"\n<p>(CNBC) Activist investor Dan Loeb is asking <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=DIS\">Disney<\/a> Chief Executive Officer Bob Chapek to end the company\u2019s annual $3 billion dividend to divert more capital to new Disney+ content. Loeb sent his proposal to Chapek on Wednesday in a letter, which CNBC has seen. Loeb\u2019s Third Point Capital is one of Disney\u2019s largest shareholders and bought <a href=\"https:\/\/www.cnbc.com\/2020\/08\/06\/daniel-loeb-adds-disney-shares-bets-streaming-is-companys-biggest-market-opportunity-ever.html\">more shares earlier this year<\/a> in support of Disney\u2019s repositioning around Disney+, its flagship subscription streaming service.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/10\/07\/dan-loeb-calls-on-disney-to-suspend-dividend-invest-it-in-disney-plus.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Activist investor Dan Loeb is asking Disney Chief Executive Officer Bob Chapek to end the company\u2019s annual $3 billion dividend to divert more capital to new Disney+ content. Loeb sent his proposal to Chapek on Wednesday in a letter, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75910","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=75910"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75910\/revisions"}],"predecessor-version":[{"id":75911,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75910\/revisions\/75911"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=75910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=75910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=75910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}