I will speak to that issue. Our members are filmmakers, and they work in production. A production cycle can often take two to three to four years, starting with the development process and then going into the writing stage, and then into the production and the post-production stage. For that, the funds need to be available two to three years in advance: the completed production needs those funds in order just to get started. If there is a crisis of funding, if there is a lack or diminution of funding, the development process doesn't begin, because producers and developers are not sure they are going to have the financing to be able to move into the next stage of production, in which case whatever money they had spent would be lost. So that is the crisis, that the production is not starting.
With the crisis at the CTF, there was fear in the industry that there was not going to be the money. The $200 million was extremely helpful, and it certainly assuaged the situation to a large extent. At the same time, the CTF is going into deficit budgeting to keep productions going this year, but new productions are not starting. We have heard from the producers that new productions are not going into development. So a year from now—and certainly next year you'll see this—there isn't going to be the content the broadcasters need, and in the interim many people, thousands of people, will not be working in the industry.