That’s the problem. If they put $ into the parks that’s what will happen. One of the largest shareholders and an activist investor named Dan Loeb who runs Third point capital hedge fund forced them to suspend their dividend last year and invest it into Disney +.
parks division isn’t getting better. It’s not a big money maker for them any more.
They don’t want to put money into it, they consider that a losing proposition
they should spin it off.
Third Point Capital's Dan Loeb is calling on Disney to permanently suspend annual dividend, use funds for Disney+ content.
www.cnbc.com