Disney activist Blackwells demands AI strategy to boost shares

Feb 26 (Reuters) – Walt Disney (DIS.N), opens new tab shareholder Blackwells Capital is calling for it to come up with an artificial intelligence (AI) strategy, saying that this could lift the U.S. media and entertainment conglomerate’s stock price by as much as 129%.
Blackwells is one of two activist investors pushing for board seats at Disney. While it has largely backed CEO Bob Iger’s leadership of one of the world’s largest entertainment companies, it has recently laid out potential changes, including a possible breakup and spinning off its park and hotel assets into a real estate investment trust.