Disney Activist Blackwells Demands AI Strategy to Boost Shares
New Delhi | Updated: February 27, 2024, 15:55 PM IST Key Points: Blackwells Capital urges Walt Disney to develop an artificial intelligence (AI) strategy. Proposal suggests AI strategy could potentially increase Disney’s stock price by up to 129%. Disney faces pressure from activist investors amid calls for potential company restructuring. Despite Disney’s historical investments in technology, Blackwells emphasizes the need for a more aggressive AI approach. Disney responds, reaffirming its commitment to enhancing shareholder value while rejecting proposed company breakup. Walt Disney shareholder Blackwells Capital is urging the U.S. media…