The real problem, if you're an independent producer, is you're basically in a take it or leave it situation when you're dealing with broadcasters. There are fewer broadcasters in the marketplace than there were five or ten years ago, so you have fewer customers. That's one thing.
The broadcasters, because of their market power, get more rights for not a lot more money. You don't have any inventory yourself, and to the extent that the broadcasters monetize those rights that they acquire from you, you're not sharing in that revenue. So we're seeing the margins of these independent production businesses being compressed, being squeezed. They're very small margins, barely able to build any kind of serious capital in their businesses, and we are seeing the broadcasters getting bigger, stronger, better capitalized, and more profitable. It's a David and Goliath situation, effectively.