- The main point on the agenda is whether or not we should into the audio market, and I’d like to hear your on this. But first of all, can you give us the background, Simon?

- Yes, as you all know, we are already selling audio products under Tabitchi’s brand name, and although we had positive sales figures for the last three quarters, this quarter has by 21%…

- How does that affect our overall profit, Simon?

- Can I come back to that in a minute, Sarah?

- Sure.

- So, based on our success with Tabitchi’s products, I believe it’s time to put our own on these products.

- Can I come in here, Simon. Don’t we have a contract with Tabitchi for three years?

- Yes, but it doesn’t state exclusivity. There’s absolutely no reason why we can’t continue under Tabitchi, and market ….

- Tabitchi aren’t going to like that!

- …..and market our own products at the same time. Now, looking at it seems that…..

- Can I say something?

- Sarah?

- Our contract with Tabitchi is worth nearly 3 million Euros a year. I was just wondering if it’s a good idea to go in
with them.

- Look, we have to the at some stage, Sarah, and we still have two years to run on the contract. Two years is a long time in the digital audio business.

- Yes, but hang on a second….

- Please, let me finish. Now, production costs are not as high as you might think, if we….