Disney Urged by Activist to Create Corporate CTO Role

Walt Disney Co. should appoint a corporate chief technology officer and focus on technology “transformation,” according to one of the activist investors pressing the company for change.

Blackwells Capital contends the entertainment and media giant should have an overarching CTO who oversees innovation. The Burbank, California-based company would also benefit from organizing its venture investments into a single vehicle, Blackwells said in a presentation reviewed by Bloomberg News.