Thank you very much.

Delighted to be on this impressive panel.

I'm not sure I have much to add to the outstanding presentations so far.

My focus is going to be on the European reaction, the other side of the allied reaction to the Trump-Xi summit.

And I think I have far less deep strategic points to make.

I think, first, what's quite striking is the absolute silence from official Europe on the summit.

We have heard nothing from the commission, nothing from the council, nothing from a number of individuals who are normally not camera shy, Emmanuel Macron of France, Maloney, Giorgio Maloney of Italy, among others, and let alone Friedrich Merz and the new Prime Minister Burnham in the UK.

Okay.

no

see that's the thing no traditional advertising yeah and then they put up another 10,000 tickets and we sold out in a day so in 17 days at that time we sold out I believe I want to say 60,000 tickets And then we sold that the next 10,000.

So we were 70K that first year.

The thing about that time period is, and it's hard for a lot of people to relate to this, but the internet was just kind of coming around.

And it was getting bigger and bigger and bigger.

What we have to realize, of course, is that Phish, before there's even a Bonnaroo One, has had six festivals.

It's thrown six festivals.

So when you guys are coming up with brand values, and you're saying Bonnaroo is about this, was that instilled before Bonnaroo happened and before the fans existed? Or did the fans sort of drive the brand values that you now have today?