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  "documentTitle": "Trian Partners | Activist Presentation Deck | 35 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-01-01 00:00:00",
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  "notes": "The chart uses a stacked bar format to show annual losses and cumulative totals.",
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      "kind": "chart",
      "text": "Disney Cumulative DTC Segment Losses ($bn)",
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      "text": "Since 2017, Disney has lost a cumulative $11bn in its streaming business\nManagement expects the streaming business to break even in 2024, which means two more years of expected losses",
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      "text": "Source: SEC filings, FactSet Wall Street estimates as of 1/10/23.\nNote: Figures represent reported Direct-to-Consumer segment operating profit / (loss).",
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      "kind": "title",
      "text": "Disney Has Lost $11bn in Streaming to Date with More Losses Coming",
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