Richard Anderson: Okay. Fair enough. That’s all I need. And then second question, I don’t claim to know the interworkings of how the studio business works behind the scenes. But you’ve had a series of domino effects of things that have happened here. And I’m wondering if there’s any sort of other groups, back office groups that maybe are watching from behind the scenes and potentially could be another shoe to drop? Or do you think that what we’ve seen to this point, there’s not really anything else that could happen out of nowhere like what has happened over the past year or 2 sort of a copycat risk, I guess.
Victor Coleman: Yes. There is no external risk after what’s put in place. But obviously, the volatility of this industry, I mean, we’ve been doing it since 2007 is the reoccurrence of negotiations. And you hadn’t had a strike since ’08, and then you had one in ’23, and now you’ve got this comes up in ’24, we’re hopeful that as they continue to renew that we’ll go back to sort of the norm of no strikes for 15 years.
Operator: And our final question comes from John Kim of BMO Capital Markets.
John Kim: I just wanted to follow up on the potential strategic alternatives on the studio business. And just really question the timing. I mean do you believe you’re going to get peak multiple on depressed earnings. Obviously, that scenario would be peak multiple and peak earnings. But I just wanted to question the timing and the use of proceeds.
Victor Coleman: Listen, John, I think it’s suffice to say that, as I said, we are evaluating alternatives. We are not even going to intimate a time line by which those alternatives will take place. The interest level, I could say, is very high from a multiple of entities and options. And so we’re going to look at it. And clearly, we’re not at the position of talking about use of proceeds when we haven’t even got a transaction in place.
John Kim: Okay. I mean for all the volatility of the studio business, there was a growth story behind it the near-term growth drivers, so we thought maybe some of that is delayed. I’m just wondering if you see similar upside in office.
Mark Lammas: Well, this is Mark speaking. I mean, given our current level of occupancy, the pipeline, the tour activity, we clearly see upside. I mean that isn’t to say that there is — we obviously have ongoing lease expirations. We have to get the retention — hit the retention levels that we’ve historically hit with respect to that, get net new absorption. And we indicated in response to one of the questions that we are tracking with respect to our original projections on occupancy that we think there’s — we can get back to year-end ’23 occupancy levels. And so, yes is the short answer. Do we see potential upside? Of course, we do.
Operator: This concludes the Q&A session. So I’ll turn the call back over to Victor Coleman for any closing remarks.
Victor Coleman: Thank you. Sorry, we ran over time and appreciate everybody’s support. Talk to you next quarter.
Operator: Goodbye. This concludes today’s call. Thank you for joining. You may now disconnect your lines.
