Mr. Noel Quinn:

On piracy and the levy, they are one and the same. Anything that diminishes our profitability, which is in name only in our case because we want to repurpose, materially impacts on 0our ability to ensure the Cúl Camps, which attract 140,000 children every year, are as good as they can be, or our push towards the social outreach programmes with Movember or other mental health initiatives. It diminishes our ability to be as good as we can be, so it is a factor.