Accordingly, we filed a breach of contract lawsuit against Shaw in the Southern District of New York per the terms of the agreement. We believe Shaw's stated positions for ceasing payments under the agreement are entirely baseless. After our repeated attempts to resolve the matter, we were met with resistance and roadblocks, and were left with no choice but to file this case. It is important to recognize that this is a unique situation with Shaw, and only began after Rogers Management took over the combined company following their merger. Our long-term strategic objective for the Canadian pay TV market remains unchanged. and we will continue to pursue all opportunities to license the Canadian pay TV operators and get Shaw back as a paying customer. Shaw's breach of contract was not contemplated when we gave our guidance earlier this year. And accordingly, we have narrowed our revenue guidance to the lower end of our original outlook. Importantly, and as a result of our expense management, our non-GAAP net income and operating margins are now forecasted to be at or above the original midpoint of the outlook we provided in February.

Nov 6, 2023 / receipt, needs a key / Paul Davis, CEO | earnings call 2023-11-06 | transcript 866c8d37-8f57-428b-8930-bd4491b984e1 | chars 5657-6805 | segment 5