Certainly the copies of musical works have a value. The Copyright Board of Canada determined at our hearings before it that broadcasters achieve major savings because they reproduce our works.
As I mentioned in my address, the Copyright Board has recognized the value of those copies from the standpoint of utility and efficiency. So it has recognized that there is value, given the savings made by broadcasters, and as a result of which, according to economic theory, authors, composers and publishers must receive compensation. So there is definitely a value.