Number three, falling translation costs driven by AI. While we can't yet dub and subtitle all of our content through synthetic AI solutions, we can for certain subsets, like natural history films with a voice of God narration. We're beginning to translate more subgenres of content within and beyond our current 12 languages, We believe increased localization will be particularly catalytic to factual programming like ours as it travels well as evidenced by our subscribers in 176 different countries.

Mar 11, 2025 / receipt, needs a key / Clint Stinchcombe, CEO | earnings call 2025-03-11 | transcript 78ff4eb7-d0cc-4cf1-92da-fb95e1291856 | chars 4935-5437 | segment 5

The content travels well. I think we've underestimated the platform opportunities available to us going forward.

Mar 20, 2024 / receipt, needs a key / CEO, CEO | earnings call 2024-03-20 | transcript 36d08a65-8ba0-4228-9546-8e733d69b35a | chars 23778-23890 | segment 24

And the environment that we're in right now, I think it's rewarded our global approach to this business. As we know, factual content travels well. Language as well. It has considerable shelf life. Cost structure is very palatable. We have this and we've built this critical mass library much faster than we anticipated.

Aug 15, 2022 / receipt, needs a key / Clint, CEO | earnings call 2022-08-15 | transcript ae669135-7439-491c-a760-e55f60c81631 | chars 26506-26825 | segment 27

Factual content travels well internationally, and these agreements allow us to capitalize on the demand in markets where we have yet to establish a significant direct consumer offering.

Nov 9, 2021 / receipt, needs a key / Clint Finchcombe, CEO | earnings call 2021-11-09 | transcript 9e60d7fd-8889-4d00-82ce-75dc2c4632a5 | chars 7130-7315 | segment 7

As it relates to the pacing of our bundle distribution agreements, you know, pacing has suffered really due to, you know, our inability to travel internationally. It's just, it's hard to get around that when you have a relatively new service like ours, you need to communicate it in person. And, you know, it's extraordinarily difficult today to do that with COVID. So I think the pacing is absolutely slowed as a result of that.

Nov 9, 2021 / receipt, needs a key / Clint, other | earnings call 2021-11-09 | transcript 9e60d7fd-8889-4d00-82ce-75dc2c4632a5 | chars 23513-23942 | segment 24

We continue to invest in the distinct content that we believe defines us, nature, history, science, travel, and every category in the factual genre. We will offer more new originals this year than any time in our history. We are exploring all options to expand a library that is already unrivaled and goes deeper than anyone into the topics our viewers already care about or have yet to discover.

Aug 10, 2021 / receipt, needs a key / Clint Stinchcomb, CEO | earnings call 2021-08-10 | transcript 48287048-bfb5-4b1d-9026-96cbf0372d6e | chars 10876-11272 | segment 11

We continue to invest in the distinct content that defines us, nature, history, science, travel, in every category in the factual genre. We will offer more new originals this year than any time in our history.

May 11, 2021 / receipt, needs a key / Clint Finchcombe, CEO | earnings call 2021-05-11 | transcript 333a293f-a2ec-461f-8d5a-d87e9804a489 | chars 9048-9257 | segment 9