So, so far, so good on promotion, and I do think it continues tremendous growth area. And we’ll go back to Renee and let you touch on Vegas tickets.
Renee Wilm: Sure, Thanks, Greg. We were very happy with the results of our presale with our partner, American Express. But overall, we are seeing a trend towards ticket purchases closer to the event particularly in the US. And I would say even more so in Vegas, which is known as the last-minute market. That being said, we are working very hard on our product ladder this year. We have looked to really differentiate those products creating about 10,000 new GA tickets available, which will be very much, I think, appealing to that last-minute market. We have now three different zones at tiered pricing. We will have the T-Mobile Sphere Zone continuing to focus on the news and entertainment as well as the racing phenomenon on the Sphere Zone.
We have a new entry-level price point in Flamingo which will have a viewing structure for fans to watch and the racing and football and then a third new product offering which is going to be announced very soon which will focus on this skewing in the heart of the DRS zone along cobalt stream. This is allowing us to continue to really reach out to those individual consumers and the new F1 fans who want to come and watch really on track for our racing we had as well as enjoying VM unique Vegas style entertainment that we will continue to offer throughout the year.
Bryan Kraft: Thank you, Renee. And if I could just follow up on your comments on the Sears closing, you mentioned very good progress with the SCC. I mean my understanding is that you had as you see approval already for the proxy but you have to update basically for the March quarter numbers. And so was just curious if that you know like what’s the timing for updating the filing it seemed like that would be sort of a rubber stamp approval from the SEC since they already approved it. And then so you should be able to get to a shareholder vote on probably within the next 30 days. I was just looking for a little more color if there’s anything that you can share.
Renee Wilm: Sure. Well, I think it will be ready to file within the next few weeks now that we’ve gone through our quarterly audits. And then I would never say the SEC is going to rubber stamp anything, but we have at least cleared our financial and legal comments which is great progress. It’s hard to say exactly when we’ll be ready to close. But I do think we’re looking at end of Q2 early Q3, once we get everything in order for the shareholder meeting.
Bryan Kraft: Okay. Got it. Thank you so much.
Operator: Our next question comes from David Joyce with Seaport Research Partners. Please proceed with your question.
David Joyce: Thank you. And thinking about the other factors outside of the pre-Team Share EBIT calculation are there any other significant expenses that are either from just straight lined or variable then sort of related to that with Quint. Just wondering that how we’ve been accounting for that with the Quint’s F1 related revenue is that going to be within the former one and therefore and pre-Team Share EBIT and then there other events are going to be outside of that just went just wanted to verify that there has been a split of Quint activities that way?
Greg Maffei: Brian, you want to take this?
Brian Wendling: Yeah. So I’ll start with Quint piece first. Yeah. So revenue that Formula One generates from Quint related to those ticket sales do flow through the team payment calculation. So those are included just like they’ve been beforehand. And then on your first question…
Greg Maffei: I’m sorry just to add there. So but you’re correct David that non-F1 related events like will not get conducted Kentucky Derby all those flow through flying, but not the F1 team suggested that correct sorry.
Brian Wendling: And then on your question about straight line expenses, a team payment is really the largest expense that is straight line. Other things are more, long when they’re incurred when they’re incurred. So think about hospitality when the event actually happens same with freight those types of things. Obviously there’s much fixed expenses related to payroll and the like that are relatively smooth throughout the year. But team payments would be the largest example of a per race kind of amortization.
David Joyce: All right. Thank you.
Operator: Our final question is from Matthew Harrigan Benchmark Company. Please proceed with your question.
Matthew Harrigan: Thank you. My last dangling MLP question might be more for per day or what’s your present view on how the changes rule changes are fostering interest in the game? I think Greg. Next great investment might be a surgical clinic doing Tommy John Surgery. If you look at what are coming off the clock no changes just kind of where are we now on midstream in terms of listing for the popularity of the sport? And are there any downsides to what’s happening? Thanks.
Brian Wendling: I’ll say there are overwhelmingly the hardware, but I’ll let Derek go ahead. Go ahead please. Yeah. I mean I think obviously the bulk of the rule changes took place last season. So we saw the results of those and have been able to study all of last season as well as the first part of the season. I think that the overwhelming viewpoint from fans, media, players, teams is that the real changes were successful and have been embraced. And we’re excited to continue with those. Primarily the idea that you’re creating again that is a little bit shorter a little bit more action inside of that game with some of those changes including the elimination of the shift things like that. But we’ve seen some of the small little changes that have taken place from last year to this year some a couple of seconds taken off of the pitch clock as one example.
I think it’s really hard to correlate those changes to some of the things that you might be seeing and whether it be our pitcher pitchers or others. I think it’s the sample size is just too small and we’re going to rely a little bit on MLB to do a full study with the Players Association on that. But I think over overall I would tell you the real changes have been from our vantage point fans vantage point very successful and have continued to make a great gain even better.
Matthew Harrigan: Great. Thanks.
Greg Maffei: Thank you to our listening audience for all of your questions and your interest in Liberty Media and the Atlanta Braves Holdings. We look forward to speaking with you again next quarter, if not sooner.
Operator: This concludes today’s conference. You may disconnect your lines at this time. And we thank you for your participation.
