Ari Emanuel : Whether it be Singapore, Perth, Abu Dhabi, Utah, New Jersey, we are seeing — and on our Miss Universe side, we got a lot of site fees also. We have sold that business. So, people are realizing the economic impact for their cities, for their countries. And we are seeing an increased volume in that and in states. So, we feel very good about that. In Brazil, we are 60 days in. Technology is working, starting to do well. We’ll give you an update later in the year.
Jason Lublin: I would just add that. As Ari said, we expect probably three to five events this year to have site feeds, as you mentioned. And we always anticipated taking these events back on the road. They were in a text during COVID and a little bit post-COVID as we transition, but that is the traditional UFC model to take these events on the roads both domestically and internationally. And we certainly believe that over time that will pay-off in another way through increased consumer products licensing, media rights values and sponsorship.
Operator: Thank you, Mr. Karnovsky. The next question comes from the line of Jason Bazinet with Citi. You may now proceed.
Jason Bazinet: You guys have done so well with acquisitions over the years. I just have a very simple question. Have you guys ever done a transaction where it didn’t work? And then for the transactions that you did and it did work, how would you just roughly allocate the success between you bought an asset with good secular growth, versus synergies across all your divisions, versus just managerial acumen just running the business better than the previous owner? Thanks.
Ari Emanuel: I didn’t really understand the second part of the question. But listen, we are working through kind of the new line M&A transaction we did wasn’t perfect. And Deborah Jennings doing a lot better now. We built the team back up and Endeavor streaming is doing well right now. That wasn’t perfect. But we have done well in our M&A. Most of it, as I’ve said to you is people we have been in business through the representation side or have looks to see. So, we have a pretty good insight into, where and how we think we can increase the business, save costs and close the revenue model. So, from that end, we stay to our knitting there. And I think when we do that, we are very successful in that.
Jason Lublin: The only thing I would add is that, we do — we do — are able to get revenue and cost synergies, which not everyone can on both sides. So, it’s really helped us to execute and be successful in our M&A strategy, both on the re being to get revenue synergies as well as cost synergies.
Operator: There are no further questions registered, so I will pass the conference back to management team.
Ari Emanuel: Great. I want to thank everyone for joining us tonight. If you have any follow up questions, don’t free to reach out. Thank you very much.
Operator: That concludes today’s conference call. Thank you for your participation. You may now disconnect your line.
