In my view, that would be fair to say, and the reason is that most of the revenue for Copibec and Access Copyright comes from the licensing of multiple copies of such things as journal articles and chapters from books. We have a strict ruling on multiple copying for educational purposes from the Copyright Board of Canada, in 2009. As Mr. Davidson has said already, the copying in question was no more than several pages per student per month, and the Copyright Board was quite clear that that copying is not fair dealing. It does not even come close to the level of copying that is being done for course packs and multiple copies handed out to students, under licences.
Therefore, I think that licensing revenue is not under threat.