<html dir="ltr">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" id="owaParaStyle"></style>
</head>
<body style="word-wrap:break-word" fpstyle="1" ocsi="0">
<div style="direction: ltr;font-family: Tahoma;color: #000000;font-size: 10pt;">Mark,
<div>Regrettably, this doesn't surprise me. Is your 5% figure one you're estimating? Or is there some research or official figure you're referring to?</div>
<div>Jonathan<br>
<div style="font-family: Times New Roman; color: #000000; font-size: 16px">
<div>
<div><br>
</div>
<div>
<div>For reference, only about 5% of the new Japanese films screening in festivals here appear to be making it onto DVD, BR, or VOD outside of Japan.</div>
<div><br>
</div>
</div>
</div>
</div>
</div>
</div>
</body>
</html>