Operator: Good day, everyone, and welcome to the Netflix Second Quarter 2010 Earnings Q&A Session. Today's call is being recorded. At this time, for opening remarks and introductions, I'll turn the call over to Erin Kasenchak, Director of Investor Relations. Please go ahead.
Erin Kasenchak - Senior Manager, IR: Thank you and good afternoon. Welcome to the Netflix second quarter 2010 earnings Q&A session. We released earnings for the second quarter at approximately 1.05 PM Pacific Time today. Earnings press release, management's commentary on the quarter's result and the webcast of this Q&A session are all available at the Company's Investor Relations website, at ir.netflix.com.
Like last quarter, this call will consist solely of Q&A and we are going to conduct this Q&A via e-mail. Please e-mail your questions to ir.netflix.com.
We may make forward-looking statements during this call regarding the Company's future performance. Actual results may differ materially from these statements due to risks and uncertainties related to the business. A detailed discussion of such risks and uncertainties is contained in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K filed with the Commission on February 22, 2010.
A rebroadcast of this Q&A session will be available at the Netflix website after 6.00 PM Pacific Time today. Before moving into Q&A, I'd like to turn the call over to Reed for a few opening remarks.
Reed Hastings - Founder, Chairman and CEO: Welcome, everyone, and let's jump in with the questions, Erin.