Blackwells Capital Advocates for AI Focus at Disney, Challenges Board

The activist investor's push for technological innovation faces opposition from Disney's board ahead of the April 3 shareholder vote.

Activist investor Blackwells Capital urges Disney to invest in artificial intelligence and spatial computing to potentially double its stock price.
Blackwells criticizes Disney's current R&D spending as insufficient compared to tech industry leaders and proposes a technology-focused reorganization.
Disney's board of directors opposes Blackwells' nominees for the board, advocating for its own slate to continue driving shareholder value.
Blackwells suggests Disney could enhance visitor experiences with AI and VR, including AI assistants for park navigation and VR lightsaber battles.
Shareholders are set to vote on board candidates, including Blackwells' nominees, at Disney's annual meeting on April 3.