Good afternoon, gentlemen.
Good afternoon, Ms. Bell.
There are many things that I do not understand, but there is one issue in particular that I really do not comprehend. Unless I am mistaken, you said in your presentation that the Canadian broadcasting rights market is threatened; that you have foreign competitors such as Netflix, Google TV, etc.; that the exempt status needs to be reconsidered. And naturally, you suggested that your foreign competitors be subjected to the Broadcasting Act or that there new regulations be developed for them. Did I understand correctly?