Third Point Portfolio Update on The Walt Disney Company

Third Point Founder And CEO Dan Loeb writes a letter to The Walt Disney Company’s CEO, showing his appreciationg for the company’s DTC business.Q2 2020 hedge fund letters, conferences and moreMr. Robert A. ChapekChief Executive OfficerThe Walt Disney CompanyBurbank, CADear Mr. Chapek:As major shareholders of The Walt Disney Company, we write to express our appreciation for your increased focus on the company’s direct-to-consumer (“DTC”) business. We strongly support your decision to direct marquee content like Hamilton and Mulan into the DTC channel, and look forward to hearing more about your…

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