Dan Loeb Ready To Pitch New Hedge Fund Drama

It’ll be like “Billions,” but not sucky.

A few years ago, Dan Loeb offered some unsolicited film criticism. This did not go over well in his hometown, where he was met with the withering scorn of George Clooney. That George Clooney likely has no idea that Loeb is a native Angeleno takes none of the sting out that “carpetbagger” put-down. Anyway, in the face of Clooneyan wrath, Loeb had to rather humiliatingly back down. But dammit if he doesn’t still want to be in pictures.


Dan Loeb's Third Point hedge fund took a 2 million share stake in Netflix in the fourth quarter of last year, according to a filing released Wednesday….

The new holding gives Third Point a 0.46 percent stake in Netflix, based on the 433.948 million shares outstanding, according to FactSet.

We are much more excited to see Loeb’s episode of “BoJack Horseman” than Ryan Murphy and Shonda Rhimes likely are about the new guy with their cellphone numbers. It’s gonna be an awesome Vanity Fair Oscars party.

Dan Loeb’s Third Point takes 2 million share stake in Netflix [CNBC]