Thank you for that.
At the beginning I neglected to mention that you were here as a witness for Telefilm Canada as chair of the board of directors, so I apologize for that. I'm quite sure everyone in the room understands that, but I had missed that part.
We'll go to the first questions. And I must say we try to keep it as close as we can to five minutes each. We'll make sure that everyone has the opportunity to ask. If it goes a little longer than five minutes, that's okay.
Mr. Bélanger.