Connect with us

Hi, what are you looking for?


Blackwells Capital Calls on Disney to Prioritize Artificial Intelligence, Spatial Computing

Blackwells Capital Calls on Disney to Prioritize Artificial Intelligence, Spatial Computing

Activist investor Blackwells Capital is calling on Disney to prioritize artificial intelligence and spatial computing as part of their pitch to turn the company’s business around.

“Disney will never be valued as a technology company so long as it does not think as a technology company,” Blackwells chief investment officer Jason Aintabi said in a video message posted on YouTube.

In a presentation to investors, Blackwells blasted the company’s spending on research and development initiatives as “anemic” compared to its peers. The presentation notes it spends just 1-2% of its average annual revenue in this area, compared to 7 to 8% at Apple, 8 to 9% at Netflix and 14 to 15% at Amazon.

The firm believes that AI could be leveraged for navigating park visits, character meet and greets, booking travel and rides and crowd control, while spatial computing could create virtual reality experiences such as a 3D lightsaber spar with a jedi or an augmented reality overlay of Mickey Mouse Clubhouse
characters and content on an app and in-home.

In addition to asking the company to increase its focus on AI and spatial computing, the firm called on Disney to create an Office of the Chief Technology Officer where all the company’s divisions would report into.

It argues that the company’s current technology department leadership is currently buried under corporate bureaucracy with multiple CTOs and that the “severe technology fragmentation between the company’s segments and sub-segments” is resulting in “untapped potential for new idea generation and overlooked synergistic potential.” 

More to come…

The article was first published here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


10:29 a.m. ET, February 22, 2024 AT&T recently applied for a waiver to allow it to stop servicing traditional landlines in California From CNN’s...


Everyone in Kyle Hausmann-Stokes’ compassionate feature My Dead Friend Zoe has suffered a loss. Merit (Sonequa Martin-Green), a nervous Afghanistan war veteran, is reeling...


Video: Bandai Namco Reveals New Gameplay Footage Of Dragon Ball Z: Kakarot DLC 6  Nintendo Life Dragon Ball Z: Kakarot DLC Trailer Previews Goku’s Next...


Using 3D storage techniques, scientists at the University of Shanghai for Science and Technology developed an optical disk capable of accommodating 1.6 petabits of...