Thanks, Reynolds.
With regard to this, especially for the smaller companies or the start-up companies that are just emerging in our industry, owning the IP is crucial to being able to build infrastructure and a development slate, and invest in future projects and new talent.
For us, we had a series early in the inception of our company, called Motive, which was a CTV series that was internationally financed by NBC International and aired on ABC. Because of the regulation at the time, we had control of the IP. It allowed us, through distribution revenues, to reinvest in our slate and has I think put us in a really favourable position to be able to succeed in this premium content world, especially as the streamers are coming into Canada.