{
  "docId": "019de06f-d4b7-72ab-9bef-74ff505356b5",
  "docSlug": "e6ccdccde9e4f314d35e33b1eb767bd3",
  "documentTitle": "Third Point Management | Activist Presentation Deck | 102 slides",
  "authorId": "third-point-management",
  "authorName": "Third Point",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 73,
  "pageCount": 102,
  "prevPage": 72,
  "nextPage": 74,
  "slideType": "key_takeaways",
  "function": "quantify_opportunity",
  "density": "dense",
  "nDataPoints": 20,
  "notes": "The slide uses a combination of a stacked bar chart for demographic behavior and a scatter plot for market maturity.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-d4b7-72ab-9bef-74ff505356b5/73",
  "deckHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5",
  "deckJsonHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5.json",
  "deckAnchorHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5#slide-73",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.78,
        "x": 0.11,
        "y": 0.79
      },
      "kind": "callout",
      "text": "Music industry has significant growth runway driven by streaming penetration",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a9896a7-3053-40a2-a1e0-93104741e36b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.4,
        "x": 0.06,
        "y": 0.305
      },
      "kind": "chart",
      "text": "Music listening by media, age-cohorts",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "611a0ec0-81a0-4b81-821f-e4a02e344761",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.45,
        "x": 0.46,
        "y": 0.305
      },
      "kind": "chart",
      "text": "Streaming revenue per smartphone user 2018E",
      "attrs": null,
      "subkind": "scatter",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1ae7857c-1b97-4889-9a59-695c1a3c2564",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.06,
        "y": 0.19
      },
      "kind": "list",
      "text": "In the US, consumers aged 16-24 listen to over 50% of their music via streaming vs. only ~10% for consumers over 45 years old\nStreaming revenues in emerging markets are small relative to developed markets",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "76934355-e7f0-4645-a4d5-c28ac182fd6a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.06,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "Confidence in the growth of recorded music revenues driven by age preferences and low global penetration rates",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cf361e3a-e12a-408a-8d54-0f1eedee7147",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.06,
        "y": 0.71
      },
      "kind": "source-note",
      "text": "Source: AudienceNet Music Landscape Study 2018. n=2,849",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7137a62a-a5ad-4537-acb4-e46a69488748",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.46,
        "y": 0.71
      },
      "kind": "source-note",
      "text": "Source: Deutsche Bank; MIDIA, Newzoo",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ffca1d27-78ca-4783-9785-82f445016052",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.03,
        "y": 0.09
      },
      "kind": "title",
      "text": "Demographics represent an enormous tailwind for streaming",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "52e3dc84-90e5-4b6c-bad8-7f71b132a093",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Segmentation",
      "slug": "audience-segmentation",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "7740f3bc-4460-40b2-b18b-5aab82d1da00",
      "evidence": "In the US, consumers aged 16-24 listen to over 50% of their music via streaming vs. only ~10% for consumers over 45 years old",
      "confidence": 0.7
    },
    {
      "name": "Before-After-Bridge",
      "slug": "before-after-bridge",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "47a0bfba-48d3-4c0d-be28-4770e2238fad",
      "evidence": "Music industry has significant growth runway driven by streaming penetration",
      "confidence": 0.5
    }
  ],
  "frameworks": [
    {
      "name": "quantify_opportunity",
      "slug": null,
      "matchId": "7829ff13-491f-4fee-b7b9-533b9c5463a5",
      "evidence": "Uses market data to justify growth potential",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 79,
      "from": 69,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "b03f3df3-7434-4898-a2f4-4e98e7bf80b0",
      "evidence": "The loop presents a big bet on the growth potential of Sony's gaming and music businesses",
      "position": 1,
      "objective": "Highlight the potential value of Sony's gaming and music segments",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.6,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}