{
  "docId": "019de076-fd9d-73d2-8e05-3055a9cfa543",
  "docSlug": "90f942664dc4b257b81b443a064a153d",
  "documentTitle": "Disney | Shareholder Engagement Presentation Deck | 66 slides",
  "authorId": "disney",
  "authorName": "The Walt Disney Company",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7744917,
  "pageNumber": 56,
  "pageCount": 66,
  "prevPage": 55,
  "nextPage": 57,
  "slideType": "preempt_rebuttal",
  "function": "preempt_rebuttal",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Features the original 1957 Walt Disney Synergy Map as evidence of the company's long-standing integrated strategy.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-fd9d-73d2-8e05-3055a9cfa543/56",
  "deckHref": "/decks/019de076-fd9d-73d2-8e05-3055a9cfa543",
  "deckJsonHref": "/decks/019de076-fd9d-73d2-8e05-3055a9cfa543.json",
  "deckAnchorHref": "/decks/019de076-fd9d-73d2-8e05-3055a9cfa543#slide-56",
  "components": [
    {
      "bbox": {
        "h": 0.07,
        "w": 0.45,
        "x": 0.52,
        "y": 0.18
      },
      "kind": "callout",
      "text": "DIS-SYNERGIES FROM BREAKING DISNEY UP WOULD DWARF ANY POTENTIAL UPSIDE",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "18c67456-de7f-4d78-8ca6-34fb48e9962a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.45,
        "x": 0.04,
        "y": 0.18
      },
      "kind": "image",
      "text": "Walt Disney's 1957 Synergy Map",
      "attrs": null,
      "subkind": "infographic",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a125ba7-85a0-4b8a-9865-49e096ad80b7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.52,
        "y": 0.55
      },
      "kind": "list",
      "text": "We are not going to jeopardize that powerful value-creation engine by focusing on short-term financial engineering",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "49a5d358-db50-45d7-8f23-1493cf74ebd5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.52,
        "y": 0.75
      },
      "kind": "list",
      "text": "A REIT structure would impose burdensome limitations and reduce operational control over core assets, particularly in our Parks",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b542ce91-288d-467b-b01b-56fad8219b96",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.52,
        "y": 0.26
      },
      "kind": "list",
      "text": "Our core competitive advantage is our unparalleled IP coupled with the unique ability to leverage and monetize it through film, streaming, consumer products, parks, and experiences",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc22b4b4-e60b-4649-8823-f06cab84ce60",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.52,
        "y": 0.37
      },
      "kind": "list",
      "text": "Walt Disney's Synergy Map has proven to be a highly relevant, foundational strategy over an extended period of time",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f702470e-d80c-4c2a-8153-a09d53815f72",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.65,
        "x": 0.03,
        "y": 0.03
      },
      "kind": "title",
      "text": "Breaking Disney up, including its real estate assets, would destroy key competitive advantages",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e62fcd89-c2c9-4630-a929-975ed3b603f9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "flywheel",
      "slug": null,
      "matchId": "ea198e17-4826-413c-9f82-048f447a93ab",
      "evidence": "The Synergy Map illustrates the interconnected nature of Disney's business units reinforcing each other.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 66,
      "from": 20,
      "beatId": "e9631bee-9a5d-46fe-b3bc-e6226ede5fbe",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document offers a solution through Disney's strategic transformation, focusing on core brands and franchises, building leading global streaming platforms, and investing in Experiences.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}