The billionaire Daniel Loeb’s hedge fund Third Point has urged Disney’s management team to take more action to maximise the potential of its streaming platform Disney+.
Speaking to investors and quoted by Reuters, Loeb added that this could be done by “all-you-can eat approach to its direct-to-consumer offering”. Specifically, it could offer its various content on a single platform under the Disney+ brand, “where all theatrical content is available day-and-date with no additional fee to subscribers”.
Third Point has been an investor in Walt Disney since last year.
Disney+ currently has 159 million subscribers globally and is generating annual income of over $15 billion.