Discovery, Inc.

at this time, please press the star followed by the number one key on your touchtone telephone. If your question has been answered or you wish to remove yourself from the queue, please press the pound key. Once again, to ask a question, please press star and then one now. And our first question comes from Doug Mitchelson from Credit Suisse. Your line is open.

Thanks so much. Good morning, everyone. One for David, one for Gunnar. The T-Mobile relaunch of a streaming live TV service was certainly interesting, and you talked on this call about distribution being relatively broad on all platforms. With the Discovery Networks and the standalone $10 a month Vibe service, separate from a new sports-focused $40 bundle of channels, can you talk about the strategy there, and then whether this would allow other distributors to pursue a similar strategy? And then for Gunnar, I was just hoping for an update. I know you gave the cost investment in digital initiatives, but not the revenue. I was just hoping for an update where 2020 is shaping out in terms of losses on the digital investments and what's the path forward from here into 2021 and beyond for that. Thank you both.

Great. Thanks, Doug. Good morning, everyone. We were very surprised. with how T-Mobile decided that they were going to bundle our networks, particularly because we have a clear agreement where our networks are required to be carried on all their basic tiers OTT offerings. So let's just characterize it this way. We're in active discussions with them to quickly resolve that issue. We don't believe they have a right to do what they're doing right now. And they know, it's very clear to them and they're focused on it. Okay, that's interesting. Thank you.