Christopher Winfrey : Maybe we’ll ham and egg this between Tom and myself. But I want to go into talking about what we have headroom, and we have the ability to still create packages that create value for consumers. Our philosophy has always been to give the customers what they want. And typically, they want more programming and try to do that the best price we can. And so — also based on their capacity of their wallet. And so having some of these packages actually allows us to sell more video product, which is to the benefit of the programmers. And that’s — you can see it in the results that we have still losses, but it’s a lot lower than losses than other people in the marketplace. And that’s a result of our ability to drive video based on what the consumer wants and what they can pay, and sometimes those are in conflict.
So I think the — that model has worked. It will continue to work. But I also think it already for — as we look to the video space in the future, programmers need to see what we’re doing and say, given where we are and given what they’re doing themselves with direct-to-consumer and OTC effectively unbundling themselves. But if we had that package flexibility further than we do today, I think we could actually solve some of the problem that exists in the video space and grow for the benefit of programmers, but it’s difficult for them to get their heads around that.
Thomas Rutledge : It is. So I guess I’m ham or the egg, I’m not sure what you want me to be. We still have limitations on what we can do contractually, but we’ve been moving those limitations as we renew contracts. But the industry is structurally in a bad place from a video perspective, and you’ve got a really high-priced fat package with everything in it. And there are a lot of content companies whose pricing is a lot less and it separated out from that package can create a lot of value for consumers. But obviously, it’s a different model. It requires different selling. And so we’ve been trying within those limitations to do what Chris said, which is to have the best product we can. But I would say that it’s not a solved situation in terms of the way the marketplace is structured. And it’s still structured in a way that continues to make video an expensive product for most consumers.
Christopher Winfrey : I think Xumo could help. That’s the design. Xumo could help a lot with that. If you take the very best of the Comcast platform, including the voice remote and pair that up in our footprint with Spectrum TV app and live video with all the different packages that we have that can be tailored to consumers appetite as well as their budget and combined with what they’re probably already paying through SVOD, DTC, et cetera, in a single platform that allows them to consumed the video product in a single place with unified search, discovery, voice remote, both live as well as all the other content they have. I think that’s pretty powerful. And to the extent that we’re able to continue to change the requirements that Tom talked about in our programming agreements, I think we can sell more.
Operator: Our next question will come from Kutgun Maral with RBC Capital Markets.
