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  "notes": "Mentions reference ranges on page 21.",
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      "text": "Moelis analyzed the selected precedent transactions, taking into consideration market conditions at the time the transaction was announced",
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      "text": "Moelis deemed transactions involving media and licensing businesses as most relevant, given industry dynamics: Theater businesses require higher capital expenditures and have a different cost structure; IP licensing businesses lack exposure to film slate and also have a different cost structure",
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      "text": "The number of truly comparable transactions is very limited; and because of the inherent differences amongst the transactions, operations and prospects of Rhombus and those of the selected target companies, Moelis made judgments to select appropriate reference ranges shown on page 21 for the selected precedent transactions analysis",
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