Investor Dan Loeb urges Disney to stop paying dividends, use funds to grow Disney+ - Business Insider

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Hedge fund billionaire Dan Loeb urges Disney to stop paying $3 billion dividend and use funds to grow Disney+

"Every Hollywood executive has been able to enjoy first-run films in the comfort of their home theaters for years," he said. "We urge you to democratize this experience."Loeb initiated a long position in Disney during the second quarter and said in a quarterly letter that streaming is Disney's "biggest market opportunity ever with potentially $500 billion of revenue.

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