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  "documentTitle": "The Walt Disney Company (DIS)",
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  "notes": "Uses a combination of press clippings and a bar chart to frame Disney's studio performance as a 'black box' of declining profitability.",
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      "text": "Disney's studio business, which historically had the best margins in the industry, has turned into a \"black box\"",
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      "text": "…I feel great about where we are with the studio. Let's not lose sight of the fact that in the last year, the studio had some real success...",
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      "text": "“…I feel great about where we are with the studio. Let’s not lose sight of the fact that in the last year, the studio had some real success, not to suggest that we didn’t have some films that were not successful that we were really disappointed in, but we also had some great success too.” — Robert A. Iger, CEO & Director, January 2024",
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      "text": "Source: SEC filings, Deadline, Variety, The Hollywood Reporter. Note: Disney's FY 2018 EBITDA margins represent Studio Entertainment segment results.",
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      "text": "Trian’s Goal Is for Disney To Reclaim its #1 Box Office Position With Leading Studio Economics",
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