{
  "docId": "019dd923-622b-71dc-a6db-a8948f12a2f8",
  "docSlug": "83e53ed5ec0b",
  "documentTitle": "The Walt Disney Company (DIS)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 8,
  "pageCount": 133,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "key_takeaways",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 10,
  "notes": "The slide highlights the dominance of the Parks & Experiences segment in EBIT contribution.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bullet_list",
    "big_number",
    "icon_grid",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-a8948f12a2f8/8",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8#slide-8",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Unlike its pure media industry players, Disney generates ~70% of EBIT from Parks & Experiences.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-14d9-722b-8539-b070433c02de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.4,
        "x": 0.08,
        "y": 0.25
      },
      "kind": "list",
      "text": "Disney is organized into 3 primary segments: Entertainment, Sports, and Experiences.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a0c897ff-0163-4761-a1e0-fa3d61eae319",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.4,
        "x": 0.51,
        "y": 0.45
      },
      "kind": "list",
      "text": "Disney's Competitive Advantages: Iconic media history, Inimitable IP, Global scale, Premium content/loyalty, IP monetization flywheel.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d974d0f5-74f7-40f3-b51d-8f3023cbdfeb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "EBIT: 70%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-14d9-722b-8539-b7aa2264ed09",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.08,
        "y": 0.18
      },
      "kind": "paragraph",
      "text": "Unlike its pure media industry players, Disney generates ~70% of EBIT from Parks & Experiences.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5029ab1e-70a1-44fb-b8bc-ec39bdf1610a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.08,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: SEC filings, FactSet. Note: Revenue and \"EBIT\" (Segment Operating Income) figures represent Fiscal Year (\"FY\") 2023 financials...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b9b96d6a-4a6b-4a28-a9dc-f098d670ab60",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.4,
        "x": 0.51,
        "y": 0.25
      },
      "kind": "table",
      "text": "Summary Financials: Market Cap ~$200bn, Enterprise Value ~$245bn, Revenue $89bn, Segment Operating Income $14bn",
      "attrs": null,
      "subkind": "kpi",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3e3f49e8-8346-413e-85d4-3ef7e1a20633",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Disney Is the Most Advantaged Diversified Media Player...",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0f8a857a-1fcf-4ca1-9dda-e70cc2b425f1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "flywheel",
      "slug": null,
      "matchId": "cd89f33f-8d5a-4e59-8bcc-7a900e49dfdb",
      "evidence": "Ability to monetize IP through a \"flywheel\" of commercial operations",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}