{
  "docId": "019de077-1511-74ad-8779-d4a5bd51f53e",
  "docSlug": "36531221f1c67575f86f87d8dbd73e65",
  "documentTitle": "Trian Partners | Activist Presentation Deck | 133 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 108,
  "pageCount": 129,
  "prevPage": 107,
  "nextPage": 109,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 6,
  "notes": "The chart uses a 'breakeven' threshold of ~200% to illustrate the performance gap between the two studios.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-1511-74ad-8779-d4a5bd51f53e/108",
  "deckHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e",
  "deckJsonHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e.json",
  "deckAnchorHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e#slide-108",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.3,
        "x": 0.65,
        "y": 0.33
      },
      "kind": "callout",
      "text": "Universal is generating ~$5 at the box office for every $1 budgeted on its animated films...while Disney is struggling to consistently break even",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "317d1a9a-29e4-4f8c-8d20-39552bb463da",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.85,
        "x": 0.08,
        "y": 0.31
      },
      "kind": "chart",
      "text": "Disney vs. Universal Animated Estimated Film \"Yield\" on Production Budgets",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d31eda46-065a-4ac4-b4bd-87836fa071c8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.08,
        "y": 0.21
      },
      "kind": "paragraph",
      "text": "Universal has consistently generated better \"yields\" (return on investment) on its animated feature films. Disney's recent animated films have generated less demand at the box office and have cost significantly more to produce.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d76efcff-8abc-4760-ae31-c7ab9cdbd393",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.08,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: Trian analysis based on IMDB, Variety, and The Numbers data. Note: % yield calculated as the average global box office performance of each film divided by reported and estimated budgets. \"Breakeven\" represents an illustrative benchmark for films to be able to recoup their estimated budgets including marketing costs.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9b896170-9c13-4743-b0f1-38bf91a1f455",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.8,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Disney's Falling \"Yield\" on Animated Films Suggests a New Playbook Is Needed",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2ae428e1-2579-4a7e-a6ab-fd863e1dbc5b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "54909154-0ab5-42b4-9ab1-427df2bbf3ce",
      "evidence": "Direct comparison of performance metrics between two competitors over time.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 129,
      "from": 77,
      "beatId": "bb2c33c7-1b54-4e3b-a439-4c13d2a6f61f",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document proposes Trian Partners' nominees as a solution to restore the magic at Disney.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}