Dan Day: Thanks. And then just another one on the DV+ post just the strength there, 12% growth, is that all mostly volume-driven? What’s happening with CPMs on the Disney+, was it a pulse or a minus right now?
Michael Barrett: Yes, it — go ahead, David.
David Day: You’re going to say the same thing. Yes, CPMs are still depressed. And so it’s on the volume side.
Dan Day: Okay. So, volume better than the growth offset by maintenance on CPM, that’s what’s going on
Michael Barrett: Yes.
Dan Day: Okay. Thanks guys. Appreciate it.
Michael Barrett: That’s sort of a lower volume, and a lower price, yes.
Dan Day: Okay. Thank you.
Operator: The next question is from Tim Nollen with Macquarie. Please go ahead.
Tim Nollen: Hi, thanks for taking the question and I apologize in advance, I joined the call a little bit late, so I hope this question wasn’t answered, but most of my others already have been. I was curious about this news about the Disney Campaign Manager using its own ad server for automated insertion orders. I’m just curious, if you could remind us what role is your — are you playing with Disney. So, Disney-wide, you’ve got Disney+, you’ve got Hulu, of course, and ESPN+. Can you just remind us what you’re doing in terms of being the SSP for Disney if Disney uses its own ad server, if that somehow pushes you to the side if that is negative for you in any way? And lastly, on that point, it seems like the campaign manager using its own ad server is targeting local audiences, somewhere maybe that’s not kind of your game anyway. So, I know it’s kind of a lot of points in there. I hope you could just clarify for me. Thanks.
Michael Barrett: Yes. Tim, good question. I’ll answer to the degree that I can in terms of working with Disney and some of the restrictions and talking about it. But the simple fact is the ad server, generally speaking, is out of touch for us even if it’s SpringServe, right? If it publish yourselves a campaign directly, and it’s delivered by the ad server unless it’s SpringServe, we don’t kind of participate in those economics. Now, if a publisher sells a deal directly, but it’s a programmatic deal, that’s when we interact. And so if anything is done programmatically within the Disney Empire, Magnite has a role in that. But direct sold, and I think what you’re referring to is they were talking about a self-service tool that they have launched to try to get those local dollars, right?
That’s probably a step beyond our purview anyway, like our managed service business isn’t necessarily a local, local business. It’s oftentimes you refer to kind of a Tier 2 where you’re talking about not just the car dealer, but you’re talking about the car dealer with multiple locations in a region that’s kind of more what we’re focused upon. And so it’s not necessarily cannibalistic of our advertising efforts in that area.
Tim Nollen: Okay. That’s something I was hoping you were going to say is that it’s more of a local effort, so it’s not really your thing. Okay. Could I ask one related question, this news — and I’m sorry, again, if this was already asked, but you discussed this already in the prepared remarks. But this news several weeks ago about FreeWheel and you integrating more with FreeWheel. I’m just curious if you could just give us a bit more color on any kind of advances you might be making with other publishers in terms of getting SpringServe a bit more integrated into their businesses? I know you’re not going to overtake FreeWheel, but kind of chipping away at the business in some way, if you could provide a bit more color on that, please?
