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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 115 slides",
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  "authorName": "Blackwells Capital",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Value Range of Total Company",
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      "text": "Blackwells believes that each segment has the potential to trade at a premium to peers over time",
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      "text": "Source: Company filings and Capital IQ as of 3/1/24. Note: (1) Range for Entertainment and Sports is 18.0x to 28.0x EV / 2025E EBITDA and range for Experiences is 14.0x to 17.0x EV/2025E EBITDA",
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      "text": "CASE STUDY: SUM OF THE PARTS",
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