Operator: Thank you. Next question today is coming from Craig Moffett from MoffettNathanson. Please go ahead.
Craig Moffett: Hi. Two questions, if I could, regarding your wireless business. One, there’s been some talk in the market, and there was some discussion on the Verizon call yesterday, calling, if not fully into question, at least raising some eyebrows with respect to the permanence of that contract. So, I’m just wondering if there was anything that you can say about the durability of that relationship and your confidence that that is, in fact, an irrevocable contract? And then second, you’ve obviously now started to subsidize handsets more frequently in line with the way the whole market really operates. I wonder if you could just talk about that a bit and talk about your views on customer lifetime value that you’re seeing with new customer acquisitions given the handset subsidies and expected churn?
David Watson: Thanks, Craig. This is Dave. So, let me start with the wireless MVNO question then. So, let me start with we have a great MVNO, and really like our approach towards the business from day one, and continue to feel that way. And definitely think that cable is a material and really strong benefit to our partner. And so, have a good relationship with Verizon. And so, that continues. Really key is we have a perpetual access to all the services that we need from Verizon’s network. So, it’s just straightforward, that’s the way it is. So, let me start with — then let me go into the handset subsidy point. We go in, and we go out in terms of different offers. So, we’ve always consistently had promotions. And they come in different forms.
It can be the form of gift cards, can be outright promotions that are discounts, and in some cases, a free device, but it’s not every day. That’s not part of our everyday game plan; we will go in and out with that. And we increasingly focus on higher-end mobile tiers, and we have a great slate there between by-the-gig, unlimited, and premium unlimited. So, we stay very focused on the core service offering, and been very strong in terms of the really consistent performance in terms of wireless growth. We really like the long runway ahead that we have and things, so we’re just getting going in small business and wireless. But I think our core wireless pricing provides customers with the savings that help us compete against the telephone companies, like between 30% and 50% savings versus the telecos.
And so, we got a strong position partnering mobile with broadband, got great WiFi overlay, and a strong MVNO, as I’ve said. So, we like our capital-light approach. We like our core service offering approach, and it’s been effective.
Marci Ryvicker: Thanks, Craig. Operator, next question please?
Operator: Certainly. Next question is coming from Brett Feldman from Goldman Sachs. Please go ahead.
Brett Feldman: Yes, thanks for taking the question. Disney has said that they are looking for, potentially, a partner to help them transition ESPN to a more direct-to-consumer model. You have a really big sports franchise as well. How are you thinking about further transitioning NBC Sports to a business that is mostly streaming? Is it something you think you would need a partner for? And maybe broadly speaking, do you think as sports businesses become more streaming-centric, there is an opportunity or need for consolidation among those platforms? Thank you.
Michael Cavanagh: Thanks, Brett. It’s Mike. So, I’ve been asked about, and read the speculation that in some way we might be interested in swapping businesses as part of what’s going on in the sports space. And I would just say that that’s very improbable, given the — as you could imagine, there’s tremendous issues around tax, minority shareholders, structuring generally. So, I would put aside the idea that there’s anything inorganic that is likely to happen around ESPN in particular, which is what we’ve been asked about. When I think about our own sports business, I think we’ve got one of the best portfolios in sports. Saturday Night Football, Bit Ten, EPL, NASCAR, WWE, Olympics next year, PGA, so — and we’ve got a very acclaimed group of people in terms of producing excellent content around those sports.
