### Comment:
You mention that the estimates are for 148 million paid subscribers, wouldn't these new sign-ups be part of the free trial and therefore not counted as paid subscribers?  Maybe 3 months from now a percentage of them will convert and there will be a corresponding revenue boost.

### REPLY:
The 3 month promo is ending just before the Q1 cycle for most participants based on my gauge. The converts should get booked in Q1 as paid subscribers against the 139 mil number at the end of Q4

### END.