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  "documentTitle": "Third Point Management | Activist Presentation Deck | 102 slides",
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  "presentationDate": "2019-06-01 00:00:00",
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  "notes": "Includes CAGR data for 2013-2018.",
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      "text": "Industry CAGR '13-'18: Revenue +3%, EBIT +9%",
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      "text": "Studio entertainment revenue ($mm)",
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      "text": "Aggregate operating margin (big 6 studios)",
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      "text": "Entertainment content production is a growth industry, with an increasing number of content purchasers with deep pockets. Production studios can now sell content into traditional film exhibitors, pay-TV channels, streaming platforms, and tech platform companies. Industry-wide margins have improved as the number of films has steadily declined and the studios have a higher hit rate on a concentrated number of bets.",
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