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Third Point Confirms Position in The Walt Disney Company (DIS), Calls for Changes

August 15, 2022 10:16 AM EDT

Third Point LLC (LSE: TPOU) (Third Point), a New York-based investment firm managing approximately $14 billion in assets today sent a letter to Disney (NYSE: DIS) CEO Bob Chapek, the full text of which is below.

Mr. Robert A. Chapek
Chief Executive Officer
The Walt Disney Company
500 S. Buena Vista Street
Burbank, CA 91521

August 15, 2022

Dear Bob:

Congratulations on a terrific quarter and positive momentum in Parks, ESPN, and media and entertainment. We were particularly pleased to see the strength in DTC subscriber... More