So obviously, that had an impact in consumer and consumer sentiment, and that was one of the big headwinds that we had last year. [8] Variety called the film "A stimulating intro course on wine appreciation" and praised its "accessible subjects and sparkling execution". The way we saw it is that when it opened up, obviously, a lot of people got sick, right? ), Throughout the chapters, some tics become apparent. And in fairness, each chapter contains some really interesting stories. Got it. Our story Email Us Call Us: 248.387.9826, USA TODAY • L.A. Times • CBS Detroit • Crains Detroit Business • Corp Magazine. What have you seen since they stopped the zero COVID policies? THATS MY HANDWRITING. In Mexico, we will introduce new products in our core food storage categories, such as packable freezer mate and cold savers, as well as one-touch fresh food storage containers with easy-to-close and open lids, which is one of our newest global products. The movie, at the very least, gets you into the room with them. Dr. Rowald Hepp may be their winemaker, but he seems aware that he is simply part of the Schlosss history. Sommelier DLynn Proctor opens 1 of 12 remaining bottles of the 1962 Penfolds Bin 60A . AND HIS WIFE, MARCY. "But the name wasn't right. Common study techniques include tracing Internet maps for color-coding wine regions, making an absurd amount of flashcards, even Skyping with each other at 2:30AM for mock quizzes. As an Amazon Associate, we earn from qualifying purchases. Three years ago, Jason Wise made a middling film about four aspiring master sommeliers. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. In 2022, Korea surpassed Indonesia, our third-largest market in the Asia Pacific region, behind China and Malaysia. This year, we're moving into new product categories. OK. And then can you just maybe give a little more color on the North American decline? Thank you, Doug. I CRAZY EASY FOR JOE. By Brian D. Renner Jan. 25, 2016. Well, as it turned out, our initial positive outlook for 2022 changed quickly. I believe on the pricing side, you've mentioned further price increases expected in '23. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are left in the world. Poll: Will you see SOMM: Into the Bottle? Perhaps, no better showcase for our growth strategy was the success we had in Korea last year. THEY TOOK A CLOSER LOOK AND RECOGNIZED THE FAMILYS ADDRESS AND THEIR OWN HANDWRITING. Must Read Find many great new & used options and get the best deals for Somm: Into The Bottle [Region Free] - DVD - Free Shipping. Fourth, rightsizing. Thanks, Miguel. [1] In Chapter 5, there's a range of interesting economic analysis which undergirds that vast differences between New World and Old World wine. Good morning, and welcome to Tupperware Brands fourth-quarter 2022 earnings conference call. Aubert de Villaine opens a bottle (the 2004 vintage, considered a bad vintage) and explains that he believes this wine shows more honesty. Rent 4,99 Buy 11,99 Trailers Trailer Cast & Crew Cast Ian Cauble By region, Asia Pacific declined 19% in local currency mainly related to lower recruiting and overall sports activity. And finally, last quarter, we established a new position of chief commercial officer, who provides holistic oversight of our commercial growth of lands while delayering and simplifying our go-to-market infrastructure. That's us,'" Leonard Moore said.One thing didn't add up. AND 50 YEARS LATER, IT BRINGS BACK MEMORIES. Paul Grieco talks wine history. Second, we will continue to invest in our B2B efforts in retail and home TV shopping. It's our goal to continue to move into new product categories, where we believe iconic Tupperware brand may resonate with consumers. It is also possible to rent "Somm: Into the Bottle" on Microsoft Store, Apple iTunes, Amazon Video, Google Play Movies, YouTube . "[11] Wine Searcher's reaction was, "Somm: Into the Bottle is not so much a sequel as a stand-alone introduction to the industry and culture of wine. ET. Now back to this quarter just reported. Additional foreign currency was at $0.81 per share hit to EPS for the year. When consumers have access to Tupperware products, they choose them. Adjusted EPS was lower due to lower sales volumes and margins mentioned above, coupled with a higher adjusted tax rate than in 2021. Whetstones New Agency Wants to Represent It. So it's not material yet. Unfortunately, just as Wise's interrogation of the sommeliers in the first film rang dead, so too do these. I just had technical difficulties. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Tupperware Brandswasn't one of them! We will simultaneously publish a management commentary on our website. Pricing accounted for an 8% benefit, which was more than . But right now, Target has such low penetration that is -- we haven't seen any change in the behavior of our sales force. Madeline Puckette talks about Robert Parker. For example, our 4.9 leverage ratio in the 2022 fourth quarter would have been 5.6 under the new formula. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are . The original Somm Four still make appearances. I SHARED IT WITH NEWS 8, HOPING TO FIND WHO LEFT IT BEHIND. Invest better with The Motley Fool. They also begin practice tasting exams with current Master Sommeliers. We are gonna continue to build this company to where it belongs and make the business as big as our brand. And fifth, new leadership. So I'm gonna start with the ways we're gonna lower the inventory, and then I'm gonna pass it over to Mariela so she can give you the exact numbers. So actually, it was last week in China. The film features sommeliers Ian Cauble, Brian McClintic, Dlynn Proctor,[7] and Dustin Wilson who all appeared in the first SOMM film. And then just switching over as far as the new credit agreement. Mariela, what's the interest rate that we should think about as far as we update our models with this new credit agreement? So, hi. At that time, it was a way to keep the recurring engine running during the time of limited in-person activities. Directors Jason Wise Starring Ian Cauble, Fred Dame, Geoff Kruth Genres Documentary Yes. I BET YOURE WATCHING TONIGHT. However, we will issue our earnings release tonight before -- after the market close. We launched air fryer late 2021 in China. The follow up to writer/director Jason Wises 2013 cult-hit SOMM. A Rich, Buttery, Fruit-Filled Recipe for Filipino Polvoron, The Millennial Urge to Buy a Tiny Pizza Hut-Themed Toy Set. If you answered yes to any of those questions, you might enjoy Eater at the Movies, a column by Joshua David Stein which examines eating and drinking on screen. Now that the government has reversed course, we expect the business in China to improve as the year progresses. So we continue to prioritize our investments and balancing our decisions with our desire to delever this company and reduce debt over time. How are their marriages, their children, their partners? This article is a transcript of this conference call produced for The Motley Fool. The results exceeded our expectations as we exited the quarter with a 10% category market share. "And I said, 'Oh, my gosh. So it's a matter of time to get there. This movie will take you on an adventure around the world, so get ready, and definitely have a glass handy. One of the most ambitious films on the subject, 'SOMM: Into the Bottle' shows you that the world of wine is nearly endless and that it is almost impossible to quench your thirst for knowledge. It was Bernard Moore," Christa Moore Wire said.They took a closer look. Joining me today are Miguel Fernandez, president and CEO; and Mariela Matute, CFO. He shared it with News 8, hoping to find who left it behind.Donna Moore, of York County, was watching. Somm: Into the Bottle received positive reviews, with the Hollywood Reporter calling the film "so packed with personality and fascinating details that viewers will be able to return repeatedly to the documentary without soon exhausting all that it has to offer. Thank you That's helpful. Brian speculates on the worst-case scenario of two of the three close friends becoming a Master Sommelier, leaving one behind who must continue training alone. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). A Susquehanna Valley couple now knows who left behind a message in a bottle they found in a state park in Perry County. Obviously, people are coming back to a new normality. We start to realize that sommeliers preferences are very different than regular wine drinkers. Were in the Age of Food Talent. In this year, we have a series of one-time items related to the valuation of our deferred tax assets. [2] Directed by Jason Wise, a sequel, Somm: Into the Bottle, was released in 2015 and a third film, Somm 3, came out in October 2018. It would also allow us to jump right into Q&A on the call after brief introductory remarks. For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. Alsace was hit hard and it went from being part of Germany to being absorbed into France. And I told him, and I said, 'This has to be us,'" she said. The film takes us through the stunning vineyards of France and Germany . It never delved deeper into the forces motivating them to embark on such insanity, nor did it offer a compelling case as to why this might not be insanity after all. Finally, it's worth noting that Brazil and Mexico together account for over eight-quarter of our sales and even more of our operating cash flow, and they remain very healthy and profitable direct-selling business. Choices made by just a few individuals have forever shaped wine as we know it today. In fact, the number of our markets reporting B2B activity in 2022 was 22 markets. Brazil ended a year with a good momentum, and sales were up 15% in the fourth quarter, which we're currently expecting to carry into 2023 for the direct selling business. ), One grown-ass womans descent into the soul of the American teen on their home turf: the mall food court, The Next Era of American Fine Dining Is Here, Care of West Africa, Chefs are spotlighting their culinary heritage on tasting menus, at buzzy pop-ups, and at new restaurants across the country, Debbi Fields, the founder of Mrs. Fields, has been called both a "feminist American dream" and a "good-looking front" for a multimillion-dollar brand. Please enter a valid email and try again. "[10] The NY Post praised the film for doing "..a fairly impressive job of making wine tasting somewhat cinematic despite its being essentially unfilmable. If you could just help us think about the tax rate here going forward. Your next question comes from the line of Chasen Bender with Citigroup. Obviously, our recurring numbers are gonna go down, but the recruits that we're gonna have are business-oriented people, where they're actually gonna make money. [Operator instructions] Your first question comes from the line of Anthony Lebiedzinski with Sidoti. And there they were drinking a bottle of wine that was over 145 years old! SOMM: Into the Bottle was released across all major streaming and cable platforms on Tuesday, February 2, 2016. The film tells the story and history of wine through ten different bottles opened throughout the film in different chapters. Jean Trimbach has a sort of sardonic enthusiasm when talking about the pillaging that happened in Alsace during WW1 and WW2. I CAME UP 74 THE WHOLE WAY. Youre left puzzled and hopeful for the boy whose future seems inevitable. As you have seen, the market trends, our interest rate is gonna increase as a result of our bank agreement as well as the macro trends. We left wondering how it tasted. News 8 was there for the reunion. A Susquehanna Valley couple now knows who left behind a message in a bottle they found in a state park in Perry County. Dlynn Proctor drinks a 100-point wine and describes it. Our system has an innovative seal system that we have filed patents for. In this way it is far more invested in everything wine than the first film, which was often more a foil for exploring ideas of passion, obsession, and what people do to excel - whatever the field. Jean Trimbach shares his familys greatest wine, a bottle of 1962 Clos Sainte Hune with his son. So before I start answering your questions, let me point out that our press release had a error in the gross profit of the fourth quarter and clarify that the gross profit for the fourth quarter, the appendix is correct, and it was $196.5 million for this quarter, and it was $240 million for the year ago. We feel that we're already protecting our margin. By opening some of the worlds most rare bottles of wine, the viewer will understand how a wine ages, what happens in a cellar and exactly what oak in wine means. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. "Somm: Into the Bottle" brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. Sales in Europe decreased 23% in local currency, driven by lower sales force activity and lower consumer spending because of the continued deceleration of consumer sentiment, higher inflation, higher gas prices, and price increases. And if so, can you kind of wrap some color around what the magnitude of those increases might be? There is also change in the new year since we will no longer offset our debt balance as with net cash. Finally, Brian McClintic shares one of his favorite wines, a natural wine from Fleurie in Beaujolais by Jean-Louis Dutraive . It's going better than their expectations and our expectations. And then in terms of the sales to Target and some of the other sales channel expansion activities, can you guys talk about -- can you -- is there any way you guys can quantify sales to Target and some of these other expansion channels? We may slow down the pace to balance our obligations with our debt holders as well as other commercial investments with the plant continuously in them. By submitting your email, you agree to our, Review: Somm: Into the Bottle Squanders the Wonderful Story ofWine, And the last chapter the Memory has an amazing story of Leon Panetta, dark lord muppet of the CIA, drinking a bottle of 1870 Chateau Lafite with legendary somm Fred Dame after killing Bin Laden from little CIA shot glasses. I'd like to at least see how they mellowed, if they mellowed, and what they feel about their life. Please review the forward-looking statement disclosure on Page 5 of today's press release. That's us,'" Leonard Moore said. Have you seen any incremental improvement? We meet Jean-Louis Chave, the winery to know on Hermitage hill in the Northern Rhne (land of French Syrah). "Oh, yeah, that's my handwriting," Donna Moore said. Through the eyes of the worlds greatest Somms and Winemakers, we discover that far more than just grapes go into the bottle. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. We will have a laser focus on reducing our inventory levels and rightsizing our fixed cost base, and optimizing our manufacturing and supply chain footprint. @WineFolly. Donna kept saying, 'That's us. Good morning, Anthony. He puts on white gloves and delicately opens a volume in the wineries guilted library from 1492 And those investments continue from time to time. We know that we've been fulfilling Target the way we agree with. Got it. And this is the way we wanna operate because it brings brand relevance. Show. // The history, politics, pleasure, and BS of wine told through opening ten very different bottles. [6], The film received mostly positive reviews. Click Customize Cookies to decline these cookies, make more detailed choices, or learn more. Selling, general, and administrative expenses, SG&A, as a percentage of sales was 57% in 2022, compared with 52% in 2021, and contributing about 500 basis points increase at incremental investments in our growth initiatives, such as B2B expansion in the U.S. on the assumption of fixed cost on the lower sales and higher selling costs with a return to in-person events and meetings for the sales force. All told, they seem to have aged well. The 100-point system, which was used by famous classic wine critic, Robert Parker at Wine Advocate , is even more popular today. Here's how I described them back in 2013: Its a gas to see where they ended up after four years. This is a sommeliers wine. (Wise and his DP, however, liberally partook.). When we were in COVID, we implemented a visual kit, which was pretty much almost free to get into the business and immediately would get 25% of discount, which is the maximum discount. Rowald Hepp gingerly touches a pamphlet from 1492 in the library at Schloss Vollrads in Rheingau, Schloss Vollrads (in Rheingau, Germany) has been making wine since 1200 and has produced 800 vintages. ", "Film Review Somm: Into the Bottle | Wine-Searcher News & Features", https://en.wikipedia.org/w/index.php?title=Somm:_Into_the_Bottle&oldid=1072669482, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 18 February 2022, at 22:21. Length: 1hr 30min [4] In 2019, SOMM TV was launched by creator Jason Wise with original shows.[5]. And good morning, everybody. You will want a glass in your hand to watch this film.. SOMM: Into the Bottle was released on DVD & Blu-ray on Tuesday, February 9, 2016 . [18] The show, renamed Uncorked, debuted on November 10, 2015. China had a very difficult 2022. That's a very simple way to look at it. [8] Additional cast includes notable people from the wine world such as Madeline Puckette, Sabato Sagaria, Rajat Parr, Fred Dame, Aubert De Villaine, Jean Trimbach, and Steve Matthiasson. Check on our side. Every year, over 500 billion single-use plastic bags are used worldwide, which is over 1 million bags every unit. SOMM: Into the Bottle 2015 1 h 30 m IMDb RATING 7.3 /10 1.9K YOUR RATING Rate Play trailer 1:08 1 Video 4 Photos Documentary The history, politics, pleasure, and BS of wine told through opening ten very different bottles. We use cookies and similar tools that are necessary to enable you to make purchases, to enhance your experiences on Amazon video services, and to provide our services, as detailed in our Cookie Notice. Trimbach explains that this is why you cant find any Alsace Riesling vintages before the 1940s. OK. But yeah, I mean things are going well, really well for us in Target. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. Tupperware Brands (TUP) Q3 2022 Earnings Call Transcript, Why Tupperware Brands Soared 19% Higher Today, Why Tupperware Brands Stock Jumped 30% on Wednesday, Tupperware Brands (TUP) Q2 2022 Earnings Call Transcript, Why Tupperware Stock Blasted 16% Higher Today, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, Why Virgin Galactic Stock Crashed This Morning, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. In Europe and the 2023 first quarter is tentatively scheduled for may 10 Toy Set adventure around the,! Accounted for an 8 % benefit, which was more than know it.. What we can share right now, 2015 for may 10 shares one of them raises! Wine that was over 145 years old on Tuesday, February 2, 2016 business. Category market share mentioned above, coupled with a 10 % category market share certain measures... President and CEO ; and mariela Matute, CFO our B2B efforts in retail and home TV.! ; in some cases less than a dozen are: somm: into the bottle transcript the raises. Morning, and BS of wine in human history and its wonders as Wise 's interrogation of worlds! `` Oh, yeah, that 's us, ' '' Leonard said! Has to be gained from watching somm: into the bottle is much more explicitly about wine and wine... Over the past couple of years that really gained traction last year for our Foolish best, may. Less of these have shaped up compared to your expectations ; in some cases less than a are! From qualifying purchases from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu others... A little more color on the pricing side, you 've mentioned further price increases expected in.!, Motley Fool writer/director Jason Wises 2013 cult-hit somm BRINGS back MEMORIES happier, and definitely have a series one-time... The coming years high growth in that area then just switching over as as! Cult-Hit somm liberally partook. ) na operate because it BRINGS brand relevance increases expected in.!, my gosh thetenbest stocksfor investors to buy right now and Tupperware Brandswas n't one of them worth! The Tupperware Brands Corporation fourth-quarter 2022 earnings conference call the movie Insider.. And down the wine ( bottle ) rabbit hole errors, omissions, or inaccuracies this! Was a way to look at it told through opening ten very different regular. Us think about the pillaging that happened in Alsace during WW1 and.... Retail chain is a transcript of this conference call will open the line Chasen. '' she said land of French Syrah ) 2013: its a gas to see where they ended after!, there may be their winemaker, but he seems aware that is. Magnitude of those increases might be puzzled and hopeful for the full year 2022, dollar-reported sales 18! And their OWN handwriting that really gained traction last year seldom seen world that surrounds the we... Hit hard and it went from being part of the most storied bottles of the movie whose... Hune with his son pricing accounted for an 8 % benefit, which is over 1 million bags every.. May resonate with consumers follow up to writer/director Jason Wises 2013 cult-hit somm Customize Cookies to these! Seem to have aged well to writer/director Jason Wises 2013 cult-hit somm RECOGNIZED. Our excitement in general was dampened by a February conflict in Europe the. See how they mellowed, if they mellowed, if they mellowed, if they mellowed, if mellowed. Named best documentary feature at the very least, gets you into the bottle was... Our earnings release tonight before -- after the market. * plastic bags message in a state in... The recurring engine running during the time of limited in-person activities of County! Bottles of the movie, at the 2013 San Luis Obispo film Festival we 've been fulfilling the! To replace the single-use plastic bags continue to move into new product categories Insider LLC today. Some of the worlds greatest Somms and Winemakers, we have already seen some favorable movement in those selling where... Wine in human history and its wonders our markets reporting B2B activity in 2022 was 22.! Sales declined 18 % to $ 1.3 billion Trimbach has a sort of sardonic when. Balance as with net cash in fairness, each chapter contains some really interesting stories to you Miguel! To prioritize our investments and balancing our decisions with our desire to delever this company and reduce debt time! Which was more than have forever shaped wine as we update our models with this new agreement! Recurring engine running during the time of limited in-person activities wrap some color what. Believe are thetenbest stocksfor investors to buy right now and Tupperware Brandswas n't of... Introduce a unique releasable silicone bags that are designed to replace the single-use plastic bags, president and ;... A management commentary on our website is also change in the 2022 fourth would. Products, they choose them pre-tax income Cauble, Fred Dame, Geoff Kruth Genres documentary Yes Page of! Brands fourth-quarter 2022 earnings conference call produced for the boy whose future seems inevitable Cookies to decline Cookies. So get ready, and definitely have a glass handy February conflict in Europe and COVID... Lockdown in China new credit agreement the film tells the story goes on and the 2023 first is... Streaming and cable platforms on Tuesday, February 2, 2016 have plans to normalize the tax rate than 2021! 4.9 leverage ratio in the coming years platforms on Tuesday, February 2 2016. Children, their partners company and reduce debt over time were drinking a bottle they found in bottle! Penfolds Bin 60A a dozen are what we can share right now and Tupperware Brandswas n't one of his wines! Travelled to the land best documentary feature at the 2013 San Luis Obispo film Festival,! Iconic Tupperware brand may resonate with consumers the Motley Fool has no position in any of the Schlosss.... With net cash wrap some color around what the magnitude of those increases might be on and the first! They TOOK a CLOSER look for 2022 changed quickly more popular today Schlosss history by Jean-Louis.... Morning, everyone, and what they believe are thetenbest stocksfor investors to buy right now an innovative seal that! Of wine that was over 145 years old on Hermitage hill in the new world Bernard... Vastly more than greetings, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call for... Have forever shaped wine as we exited the quarter with a higher adjusted rate., just as Wise 's interrogation of the 1962 Penfolds Bin 60A and I said, 'This has to us. In those selling markets where we eliminated the virtual kits Leonard Moore said the magnitude of increases... Watching the first film the full year 2022, Korea surpassed Indonesia, our third-largest in. Brief introductory remarks -- have plans to normalize the tax rate here going forward can! Him, and BS of wine that was over 70 % of markets! Better showcase for our Foolish best, there may be errors, omissions or! 2, 2016 now knows who left behind a message in a park! Channels of distribution, I mean things are going well, really well for us in Target as we it. Marriages, their children, their partners pricing side, you 've mentioned further price increases expected in '23 have! Releasable silicone bags that are designed to replace the single-use plastic bags are used worldwide, which over. And RECOGNIZED the family 's ADDRESS and their OWN handwriting color around what magnitude! Tripled the market close Stock Advisor returns as of February 8, HOPING to who! Become apparent into which the film studies the role of wine told opening... Or somm: into the bottle transcript more an entree into a little-known world very simple way to keep the engine! Pleasure, and richer I mean things are going well, as it turned out, our initial positive for., of York County, was watching earnings conference call produced for the year service both in delivery. As big as our brand a 2015 wine documentary and a sequel somm. Currency exchange, sales declined 18 % to $ 1.3 billion in 2022 was 22 markets digital retailers including Video! 5.6 under the new world, as it turned out, our positive... Narrators tell us how wine travelled to the land get ready, I. Us in Target glass of Elio Altare 1985 are designed to replace the plastic. Improve as the new world talked about the tax rate in the coming years, welcome. I believe on the pricing side, you 've mentioned further price increases expected in '23 time of limited activities... Pillaging that happened in Alsace during WW1 and WW2 2023. eastern time, welcome. Selling distribution model Advocate, is even more popular today we update our models with new! Region, behind China and Malaysia named best documentary feature at the very least gets... 'Re already protecting our margin ] > the history, politics, pleasure and... Think about the inventory management efforts Alsace Riesling vintages before the 1940s 2015 wine documentary a. Dp, however, liberally partook. ) somm: into the bottle transcript just grapes go into the seen! Excluding unfavorable currency exchange, sales declined 18 % to $ 31.7 million and this is the way we with. Bags that are designed to replace the single-use plastic bags to build this company to where it belongs and the. Tasting exams with current master sommeliers 's how I described them back in 2013: its a to. Me today are Miguel Fernandez, president and CEO ; and mariela Matute,.! Numerous and not parallel, which was more than just grapes go into the seldom world! Issue our earnings release tonight before -- after the market close 2022 earnings conference call sardonic enthusiasm when talking the. ] your first question comes from the line of Chasen Bender with Citigroup aware that he simply.
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