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  "documentTitle": "The Walt Disney Company (DIS)",
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      "text": "$200 Billion of Cumulative Incremental Investments Since the End of FY18 Nearly Equals Disney's Current Market Cap",
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      "text": "Source: SEC filings, FactSet. Note: (1) M&A Invested Capital represents the enterprise value of consolidated 21st Century Fox assets post-RSN & Yes Network divestiture and sale of Sky stake.",
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      "text": "Breakdown of FY23 investments: $120bn content, $22bn CapEx, $57bn M&A",
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