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  "documentTitle": "Reservoir | SPAC Presentation Deck | 59 slides",
  "authorId": "reservoir",
  "authorName": "Reservoir",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-04-01 00:00:00",
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  "notes": "The slide uses a 'Music 101' header, suggesting it is part of an educational or foundational section of the pitch deck.",
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      "kind": "image",
      "text": "Header image collage of album covers",
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      "kind": "list",
      "text": "IP RIGHTS: Collection of master recordings owned by a record label or performing artist. PROTECTED ASPECT OF WORK: Sound recording of a composition. RESPONSIBILITY OF RECORD LABEL: Monetization & exploitation. INCOME: Royalty income paid.",
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      "kind": "table",
      "text": "KEY CASH FLOW METRICS: Revenue / Sales / Royalties (-) Artist Royalties (-) Manufacturing & Distribution Costs = Net Label Share (NLS) (-) Operating Expenses = EBITDA Amortization Advances Recoupments Capex",
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      "text": "RECORDED MUSIC",
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      "name": "Golden Circle",
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      "evidence": "The deck uses the Golden Circle framework to explain the music industry and Reservoir's position.",
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      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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