Here is Dan Loeb from Third Point (16B AUM) arguing for Disney not to pay a dividend but to instead invest in the DTC content and move towards a subscription/platform business model a la Spotify and SaaS. 
 

Full letter: 
https://www.dropbox.com/s/bfx8nywghxgaix9/Dan%20Loub%20Disney.pdf?dl=0

 

I like how this letter ends. 
I like how this letter ends.