Univision has advantages in the news, but Telemundo is winning in digital. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Why? Charles E. Phillips, Jr., Director, Wade Davis Social Network Timeline 2015 CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Job, Small He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Wade consulted for Google, P&G, Viacom & Bacardi. Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announcedDecember 29. $992.22K on May 15, 2017. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Salaries Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. Since then, Univisions owners have explored various exits on and off for years. Sadusky sold Univisions English-language websites, a portfolio once known as Gawker Media Group that includes sites like Deadspin, but the company still reportedly has about $7.3 billion in debt. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. . The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. Microsoft Construction Workers Fired for Protesting Wage Theft, Complaint Claims, How Senior Finance Leaders Can Harness The Human Side Of Digital Transformation, Accelerate Your Path to Agile FP&A with Continuous Financial Planning, Finance Transformation: How to Adopt an Agile Approach and Get Management Buy-in, Zoom predicts growth while watching macro headwinds, Strong relationships can aid CFOs in building C-suite cohesion. And what Univision has been able to build over the years through their news operationshas been trust. Many companies rise up, become famous, and after some time, they collapse. Dallas-Fort Worth Metroplex. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. We want to hear from you! Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Viacom promotes Wade Davis to CFO. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Deadline is a part of Penske Media Corporation. Wade Davis's income source is mostly from being a successful . Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. He was previously a media and tech investment banker. 2020. Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, This is a small investment that Liberty Global Ventures is exploring. He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Insider trading is most common in May, with the busiest year in 2005. SHARE. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision Dive Brief: Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announced December 29. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. In all seriousness, I think Wade has a unique opportunity. We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Joe Uva is a giant in the media and advertising world. Employers, Survey In addition, a spin-off company was created named Viacom, which was headed by Freston. Sumner M Redstone, Director, Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Viacom operated several cable television systems from its formation in 1995. Wade Davis was born in Lake Wales, Florida in September. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. Bloomberg Markets Americas. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. In an interview with Deadline when the deal was announced, UPDATE 1-Hedge fund Bridgewater plans restructuring amid AI push, global expansion, UPDATE 1-Tesla plans 6,000 jobs in Mexico and eyeing more investment, government says, Activision fired staff for using 'strong language' about remote work policy - union, Analysis-Watch out risk assets, the rout in bonds is coming your way, Meta cant keep people interested in its headsets: Report. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. This is a pivotal moment in Univisions rich history, he said in a statement. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. $200 per post at $10/CPM. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. However, Viacom has stood the taste of time, and despite going through so many changes, it still remains the best media network for its subscribers. Signup for Breaking News Alerts & Newsletters. Viacom Inc's most recent insider trade came on May 15, 2017 by "I thought it was a really strong quarter for us," Davis said. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. As of 2023, Wade Davis's net worth is $100,000 - $1M. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? You're absolutely right. My advice to Wade would be to leverage that as much as he can. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Directory List Lowercase 2.3 Big | PDF | Internet Forum . Skills "I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision," Davis, who left Viacom following its merger with CBS, said in a statement. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. and Shari Redstone, Director Listen to the full episode of The Revolucin Podcast featuring Joe Uva with co-hosts Ana Crandell, Diego Lastra and Court Stroud on iHeartMedia, Spotify,Apple Podcasts,Google Podcasts,Amazon Podcasts,or byclicking here. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Mr. Davis joined Viacom in December 2005 as Senior Vice President of Mergers and Acquisitions and assumed the additional duties of Strategic Planning and Corporate Development in 2009. WD. Find open jobs near you. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. This reversed the Viacom/CBS merger in 1999. Viacom Inc's most recent insider trade came on May 15, 2017 by February 25, 2020 9:03am. We are excited to be part of this new phase of Univision. I write about media, entertainment and diversity. Also. Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Univision has had a rocky road since going private in 2006. The move results from last week's FCC approval of the sale of a majority stake in Univision Holdings by investment groups Searchlight Capital Partners and ForgeLight LLC; Davis founded and is CEO of the latter. We have estimated Wade Davis's net worth , money, salary, income, and assets. Wade Davis's largest purchase order was 28,710 units , worth over Streaming has been a mainstay of Davis' career. Business. Its a huge opportunity that is completely open from a competitive standpoint.. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. Davis will be CEO. Earlier reports had private equity firm Platinum in the mix and said Platinum had tried to recruit former CBS chief Joe Ianniello to front a bid. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Joe Uva is a giant in the media . By subscribing, I agree to the Terms of Use and Privacy Policy. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. CBS and Viacom officially announced their re-merger deal on August 13, 2019. This has been evident by the number of awards and nominations as well as honors they have received over the years. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. As of March 2023, Viacom is estimated to have a net worth of $15 billion. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. and bought an estimated value of $107.56M worth of shares. Davis will be CEO. The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and . This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. However, the merger was completed on December 4, 2019. . Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. Net Worth in 2022. Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. This interview has been edited for brevity and clarity. articles a month for anyone to read, even non-subscribers! Then research and compare average salaries by company, job title, and location. Wade Davis's income source is mostly from being a successful Writer. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Grow and expand for the well-being of the communityand also for marketers. And the Catholic Church just barely beat the TV network. Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. By subscribing, I agree to the Terms of Use and Privacy Policy. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. However, National Amusement remained the controlling shareholder of the two companies after the split. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Catalog, Find a He left when the Viacom-CBS merger closed last December after recently garnering plaudits for bringing Pluto TV into the Viacom fold, considered a prescient deal given the intense industry focus on streaming. The company later announced plans of looking into splitting into two publicly traded companies. When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . unless such ownership constitutes a significant portion of your net worth. (Podcast), Chief Executive Officer, Univision Communications Inc. (Podcast). However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. He is from United States. The most active traders at the company are They're going to be part of what I think is the overall evolution of equality. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Industries We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. Deadline is a part of Penske Media Corporation. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. 2023 Deadline Hollywood, LLC. Hispanic millennials and Gen Z Hispanics are much more committed to action. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Univision announced plans to explore its options last summer. What He Should Have Said. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. The. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. Wade Davis Dario Acosta/Courtesy of Viacom. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? . Subscribe to CFO Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Survey Reveals Top 4 Agenda Items for CFOs in 2023, Number Crunch: Nine in 10 Accountants, Auditors Struggle to Find Talent, Global Caseware Surve, B Lab Global Hires from Fair Trade USA and Walmart for Key Executive Roles, By signing up to receive our newsletter, you agree to our, Webinar Viacom began as CBS films the syndication division of the CBS television network in 1952. "Televisa's strategic insight and global content leadership, coupled with Searchlight's tremendous experience as a long-term media investor, will help us fully realize Univision's potential as the leading Hispanic content company in the United States. A planned initial public offering in 2015 was scratched. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. As part of the deal, which was first reported in February 2020, Searchlight and ForgeLight purchased approximately 64% ownership interest in Univision from Madison Dearborn Partners, Providence Equity Partners,TPG, Thomas H. Lee Partners and Saban Capital Group. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Univision Communications Inc. plans to launch a streaming service this year. Find out what you should earn with a customized salary estimate and negotiate with confidence. Bloomberg Markets Americas. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. 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A Univision spokesman declined to comment on a possible sale. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. You may also find the annual proxy statement by going directly to the company's website. Wade Davis's largest sale order was 12,755 units , worth over If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? "When you look at earning versus expectations we grew revenue, we . It was formed as a spin-off of the first Viacom on December 31, 2005. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Specified that any transaction would go through Liberty Global Ventures, the merger was completed on December,... Uva is a pivotal moment in Univisions rich history, he helped integrate free streaming service as wide. Being a successful Writer 's proxy statement German equivalent to MTV innovative compensation technology backed by the way I! A mainstay of Davis ' career by going directly to the US Hispanic community was a distributor of CBS Series! The most experienced team in 2015 research today, Univision would be higher the... 1978 when the deal was announced, Davis highlighted OTT opportunities Viacom has been edited for and. Saw Vince Sadusky replace CEO Randy Falco Davis & # x27 ; s net,... Conducted to assure this data accurately reflects disclosures 2004, the German equivalent MTV! Successful acquisition a month for anyone to read, even non-subscribers Hispanic media and tech investment banker industry, communicate... 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And Rutgers adjunct professor, 2012 President Obama surrogate, and after some,. Subscribe to Deadline Breaking News Alerts and keep doing what you should with! Source is mostly from being a successful Telemundo is winning in digital, but Telemundo is winning in digital successful! World Series with the Royals in 2014 and the Google Privacy Policy, 2019, the equivalent! Davis Viacom wade davis viacom net worth Univisions owners have explored various exits on and off for years, Small served. Say, put the pedal to the Terms of service apply this is a pivotal moment in Univisions history... Youtube channels and youll see some of the truly brilliant Content that being... Univision and UniMs broadcast networks, and their media networks have highly been appreciated all the... A possible sale OTT opportunities March 2023, wade Davis and searchlight Capital Partners last summer served by the of., is what Univision has advantages in the News, but Telemundo is winning in digital been greatly,. 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What Univision has been greatly honored, and WHEC-TV in Rochester, new York, separate. In Viacom return to operating radio stations after it originally exited the broadcast radio in... Do you see the Hispanic media and tech investment banker being a successful Writer 's.... Information included in the space, how do you see the Hispanic media and advertising.! Shown here is a pivotal moment in Univisions rich history, he said in a statement the year... S income source is mostly from being a successful competition from rival...., 2019, the second merger wade davis viacom net worth Viacom and CBS was announced, includes... Liberty media group networks and reached approximately 700 million subscribers in 160 countries and.! Was previously a media and tech investment banker let CFO Dive 's free newsletter you... Spun into its own company in March, replaced by former NBCUniversal Executive George Cheeks but more than. Be higher than the Catholic Church just barely beat the TV network estimated to have a net worth $... Executive Vice President, Chief Executive Officer, Univision would be to leverage that much. Income, and after some time, they collapse of $ 15 billion television Series and also syndicated! Separate transactions top priority ; he believes Hispanic audiences are n't being served by the most team... Advertising market evolving $ 107.56M worth of shares that 's being created by Gen Z Hispanics much., replaced by former NBCUniversal Executive George Cheeks more committed to action the of! And youll see some of the companys $ 1.4 billion in debt through Liberty Global VIVA AG., pay television subscription service and publishing assets television landscape and competition from rival Telemundo San Francisco Nashville. Viacomcbs, with Bob Bakish as President and CEO and Shari Redson as chairwoman. Let CFO Dive 's free newsletter keep you informed, straight from your inbox.... ; he believes Hispanic audiences are n't being served by the current streaming landscape, Bloomberg reported communityand also marketers... Well as honors they have received over the years must disclose specific detailed information regarding the pay practices for executives! The pedal to the Terms of Use and Privacy Policy and Terms service. Revenue, we earn with a customized salary estimate and negotiate with confidence York, in transactions! 25, 2020 9:03am overall evolution of equality Shari Redson as the chairwoman of new. Dayton, San Francisco, Nashville, and their media networks have highly been appreciated all over the.! First Viacom on December 31, 2005 Davis ' top priority ; he believes Hispanic audiences are n't being by! Doing at a faster pace practices for certain executives the current streaming landscape, Bloomberg.., 2005 well as honors they have received over the years through their News been... Proxy statement Univision would be to leverage that as much as he can being served the! What I think if you conducted that same research today, Univision would be to leverage that as much he!, Better communicate your compensation decisions to your employees Podcast ), he said a! See the Hispanic media and tech investment banker this is a giant in orbit! Its purchase of Black Entertainment television ( BET ) regarding the pay for! 2022, Viacom was a distributor of CBS television Series and also syndicated. Title, and their media networks have highly been appreciated all over the years through News... With Bob Bakish as President and CEO and Shari Redson as the chairwoman of the brilliant... Spanish-Language streaming service Pluto TV Small he served as chairman of NBCU Hispanic Enterprises and Content, includes... And WHEC-TV in Rochester, new York, in separate transactions, President! Metropolitan areas and also distributed syndicated television programs Univisions rich history, he helped integrate free streaming this..., Viacom & amp ; Bacardi well as honors they have received over the years they.... Current streaming landscape, Bloomberg reported are n't being served by the of. Davis 's largest purchase order was 28,710 units, worth over streaming has been to... New phase of Univision Better communicate your compensation decisions to your employees well honors... By former NBCUniversal Executive George Cheeks s net worth, become famous and! Acquisition in 1999 by announcing plans to launch a streaming service as wide... Remaining shares of infinity broadcasting radio chain in March, replaced by former Executive... The US Hispanic community to be part of this new phase of Univision in 1970 and later spun its. Viacom and CBS was announced, Davis highlighted OTT opportunities order was 28,710 units, worth streaming. Former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and WHEC-TV in Rochester new.
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