And we haven’t really provided Molotov the resources they need to be able to drive that business forward. But what’s really exciting about that is that, as you said, was the fact that it is a scale player in France and we’ve been able to drive growth without a marketing budget, which I think is also pretty — speaks to the potential opportunity there. I’ll pause there for any questions.
James Goss: Okay. No, that covers it for now. Thank you very much, David.
Operator: Your next question is from the line of Brett Knoblauch with Cantor Fitzgerald. Please go ahead.
Brett Knoblauch: Hi, guys. Thanks for taking my question. On the Warner Bros. Discovery, I guess contract negotiations, I was just curious from a pricing perspective. Now that, I guess, you’re not going to be paying those distribution fees, will that alter your pricing strategy? Or is that something where you’re going to leave pricing the same and the savings will flow to the bottom-line? Thank you.
David Gandler: Yeah. Well, as you know, it’s not like we have that much room in our current pricing. We have been under pressure by the defendants for a long period of time. We’re dealing with pernicious tactics that they continue to apply on our business, onerous terms that make it quite difficult for us to reach profitability quickly. And so, at this point in time, we believe our pricing will remain status quo and this should flow to the bottom-line.
Brett Knoblauch: And is it possible for you to quantify the savings and fees from that, I guess, termination of service?
David Gandler: Yeah. Well, I think the short answer is we don’t disclose our content deals and the impact of those content deals on our business, but I’m sure you would probably see that reflected in the next quarter or begin to be reflected in the next quarter.
Operator: Thank you all for your questions. I will now turn the call back to Alison Sternberg.
Alison Sternberg: Thank you, everybody, for your thoughtful questions this morning. Before we conclude, I did want to take one question from our Say shareholder portal. This I’m going to direct to you, David. The question is, what measures is the company currently taking to ensure sustainable long-term growth and shareholder value creation?
David Gandler: Thank you, Alison. Well, I think it’s been evident over the last five quarters that we are really focused on creating shareholder value. We’ve been very focused on cost cutting. If you look at our operating leverage, you’ll note that the two key areas, gross margin drivers are subscriber-related expenses, which is down this year year-over-year, as well as continued improvement on our broadcasting and transmission line. So, those two lines are continuing to help drive operational costs down, leading to greater value. And then, we’ve been really focused on doubling down on our content strategy. As you see, we’re very much sports-first. We have over 35 regional sports networks. We’re continuing to look for more content opportunities in that area.
We’re very focused on continuing to develop our technology and product capabilities, featuring our AI-powered capabilities. And you’ll probably see more of that as the team starts to experiment with more features. And then, in terms of, reach and distribution, we’re looking to continue to drive engagement across the demand curve, as I just mentioned. And we’re looking forward to the forthcoming free tier that will be launched in the next couple of quarters.
Alison Sternberg: Excellent. Thank you, David. Back to you, operator.
Operator: This concludes today’s Fubo first quarter 2024 earnings call. Thank you all for joining. You may now disconnect.
