Jeremy Male: No. As we mentioned on, last call, we moderated our performance expectation, at the MTA. There’s nothing to suggest that our current forecast anything other than absolutely achievable. So, we remain, yes, confident there. It’s interesting because if you just think of the categories that we just talked about, I mean, both of those are very sort of post towards transit. So, while there are headwinds for us this year, next year, we would absolutely expect that they could become a tailwind with, in fact, well, the justice will get looks like there’s a but a strong expectation. We’re keeping our fingers crossed that there’ll be resolution to the actor’s strikes. So, that I think is good news. And I just wanted to come back to, talking about lease expenses. This year is absolutely a one off. If you look back historically, lease expense growth but it’s probably more in the 2%, 3% range for the year, something like that.
Cameron McVeigh: Got it. Thank you.
Operator: Thank you. Our next question is from the line of Jim Goss with Barrington Research. Jim, your line is now open.
Jim Goss: All right. Thanks. Couple of questions. First, just to clarify, did you say the after-tax proceeds were $200 million — $290 million in terms of that sale of Canada?
Matthew Siegel: Yes, the profit. Approximately the — CAD410 million, $300 a little bit of tax, leakage, in Canada.
Jim Goss: Yes. I was surprised there wouldn’t have been a little more leakage since you’ve owned their property for a long time. But–
Matthew Siegel: [Indiscernible] going back going back to Ian’s question. That’s one of the benefits being a REIT, is a good capital gain as part of that debt restructuring.
Jim Goss: Okay. And on the entertainment side, I think you also indicated a transit had a bigger impact of a somewhat softer entertainment dollars than the other area. What is the share of revenue that is assigned to transit or you’re achieving in transit in the entertainment space?
Matthew Siegel: It’s really the focus of TV campaign. Entertainment generally movies were up for us in quarter, TV is down. And I don’t know if we gave you the exact number, but more than half of the decline — almost two-thirds of the decline is in transit, about a third of the decline in billboards.
Jim Goss: Okay. And entertainment on the film side, are you actually perhaps getting a little more revenue in that, I think some of — one of the things that’s been pointed out is the actor participation and promoting their films is absent when they’re on strike. And I thought that some of that might have accrued to you, but maybe not so or at least not sufficiently.
Jeremy Male: Yes. The number we called out specifically for TV. That’s where we really — in the third quarter really noticed it because there was essentially no launch But, right now, I mean, the film category for us has been fine. No problem at all.
Jim Goss: Okay. I think that’s it for the moment. I appreciate it.
Jeremy Male: Thank you.
Operator: Thank you. We have no additional questions waiting at this time. [Operator Instructions] With that, I’d like to hand the call back over Jeremy for any closing or additional remarks.
Jeremy Male: Thanks Sam and thanks everyone again for joining our call today. I’m sure I’ll be seeing many of you at various conferences over the next few months, but for those who at home, please enjoy the upcoming holiday seasons [Indiscernible]. Thanks very much.
Operator: That concludes the OUTFRONT third quarter 2023 earnings conference call. Thank you all for your participation. You may now disconnect your lines.
