Good, thank you.
You will recall, I'm sure, from 1997 my interest in what you were calling the “home copy regime”. Mr. Angus and I have possibly different perspectives on this, particularly in light of WIPO and the other revisions we're looking at. Help me on this if I'm wrong--I'm looking forward to your giving me some advice here—but my understanding is that a certain pool of money is created from this “levy”, if that's what we'd call it. Am I correct that this pool of money currently is being distributed at 100¢ on the dollar in Canada?
Am I further correct that if we were to do the changes envisioned under WIPO ratification, we would suddenly see a gigantic, gaping hole in that revenue, and the giant sucking sound would be the money leaving Canada, going to the various collectives or artists or whoever they are in the States and in other countries? Is my assumption correct?