Disney could tire Dan Loeb’s sequel

For disney manufacturing Dan Loeb happy will be much more difficult this time around.

Mr. Loeb’s Third Point LLC disclosed a stake of 1 million Disney shares in its quarterly filing Monday evening. This is well below the 5.3 million shares Third point owned two years ago, when she publicly campaigned for the company to permanently suspend its dividend and spend the money on content for its streaming services. Its timing then was superb: Disney announced a major overhaul of its corporate structure a week later, which effectively focused all of its media operations on streaming first.


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