Tag: Budget

Activist investor to Disney: Double streaming content budget

Walt Disney Co. has already made a high-stakes bet to transform itself into a streaming video giant with Disney+. Now, with the COVID-19 pandemic still ravaging the entertainment industry, one of the most prominent activist investors is telling the company to double down.

Daniel Loeb, founder of hedge fund Third Point, wrote in a Wednesday letter to Disney Chief Executive Bob Chapek that the Burbank-based entertainment colossus should permanently cancel its annual dividend and funnel the savings to its streaming efforts.

By suspending its $3-billion dividend, Disney could “more than double” its budget for producing and acquiring content for its

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How to Use a Production Budget in Your Business



a close up of a street: White yogurt packages on a production line in a dairy farm.


© Getty Images
White yogurt packages on a production line in a dairy farm.

Before I got into accounting, I regularly made fun of my wife’s budgeting habits. Every month, she’d write down all her expenses from the month before in a little diary and calculate how much she’d spent on various credit cards and for utilities. Depending on how the month went, she’d allocate money for the next month.

I look back on those days now and laugh. As an accountant, my life is now dominated by budgets, including the master budget, capital budget, and, the subject of

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