Jen Leyden: Yes. So for entertainment, as you know, Cory, editorial is about a third of our revenue. And then within the editorial space, we’ve obviously got news, sport, entertainment and archives. And because of the mix of our revenue that sits in subscription, we can see downloads sort of way between sports news and entertainment for customers on subscription. So hard to quantify a specific piece of the revenue at any given point that we can attribute to entertainment, but suffice it to say that entertainment typically is in equal parts, sports, entertainment and news when we think about that one-third of revenue. But again, you have to temper that with over 50% of our revenue sitting into locked-in subscriptions, right, which means if entertainment downloads shift down, you might see that same amount of revenue just shifting into different content.
That said, as we talked about, we have conservatively assumed that that strike goes all the way through to the end of the year, that impacts not just that entertainment piece of our business, but also our media clients, right? So as we see film production, broadcast start to slow down, that has an impact on media clients which doesn’t necessarily fit in totality in that entertainment space.
Craig Peters: Yes. And I would just add, Cory, that as you — if you look at the numbers, it impacts both editorial and creative. So, an example would be the evening talk shows, so the late-night talk shows, they will consume a lot of the creative content as they’re telling jokes and setting things up. And so, that’s an example where you can see how creative content will actually flow through what is largely a media segment impact, media and production segment impact, but it does impact creative content in addition to editorial content. I would say that to date and on a go-forward basis, we expect it to be more concentrated within editorial than creative, but it does impact both parts of the business.
Operator: Our next question comes from the line of Tim Nollen with Macquarie.
Tim Nollen: I wonder if you could just give us a little bit more color on the delay in the 10-Q filing, if that’s possible to do. I know you said it’s at this point not looking material, but if you could just give us any indication as to what it is related to. And in addition, you mentioned that most of the litigation costs are first half already. So, any updates that you could give us at least on the timing of that situation. Thanks.
Craig Peters: Jen, I’ll refer to you on those.
Jen Leyden: Yes. Hi, Tim. So, on the delay of the filing, as you just heard us talk about in prepared remarks, also disclosed in our earnings release, the delay of the Q is due to our independent auditors requiring some additional time to do additional audit processes. That is all in response to a comment arising from a PCAOB inspection which was of the audit work papers of our 2022 financial statements. So importantly, as of today, we’re not aware of, nor have our independent auditors advised us of any material misstatement for the 2022 financial statement. So, what I can add to that is that our teams are working closely with our independent auditors to provide any and all assistance and information that’s going to help them complete their work as judiciously as possible.
And then on the litigation, that was your second question. So yes, litigation costs, largely concentrated to the first half, specifically in the second quarter. That comment that we’re making with respect to those costs being largely concentrated in the first half is not an indication of where we are in that litigation process, but has more to do with the fact that we’ve got D&O insurance that will start to kick in and absorb any balance of ongoing litigation costs there. So, that’s not a commentary on where we sit with that litigation. It’s more about insurance kicking in and starting to cover those costs.
