Activist Investor Pushes Disney to Double Down on AI, VR for Parks and Entertainment
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Activist investor Blackwells Capital believes Disney can boost its stock price by 130% by investing more in AI, VR, and AR technologies across its properties.
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Blackwells argues Disney's R&D efforts are currently "anemic" and it needs to double down on tech innovation and experimentation.
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Suggestions include using AI for park navigation and crowd control, letting families interact with characters via ChatGPT, and developing immersive VR experiences.
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Blackwells has nominated 3 board candidates, claiming Disney suffers from poor management.
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Disney has asked shareholders to vote for its own slate of nominees, including CEO Bob Iger and Morgan Stanley's CEO, instead of Blackwell's candidates.