ValueAct Capital praised Disney for its recent efforts leaning into its theme parks and moving beyond the streaming wars in a new white paper released on Thursday.
The activist investor, which struck an information sharing agreement with the House of Mouse in January as it looks to fend off board seat pushes from Trian Fund Management and Blackwells Capital, believes Disney’s parks provide an “extra window” for monetizing characters and story IP.
It added that the company has been pursuing “bigger bundles,” “better consumer experiences” and “better advertising technology” and has been working with other studios to “test new ideas and create win/wins.”