I'm going to have to ask everyone this question.
I've been here since 2004, and long before I came along, the line we always heard was, “Give us this one massive merger and we're going to get you more investment and more content.” And every time I look at the data, I see more people getting fired. I see the same big players getting bigger and bigger. They were just here, and they said, “Oh, my God, you've got to give us deregulation. And filling out those forms about what we do for access to information and so on? That's red tape. Cut it.”
Now I'm learning that under this great vertically integrated system, where we're going to deliver lots of content, the CRTC's decided to cut CanCon from 60% to 55%. They were talking about doing that in the conditions of licence, which would have been appealable, and there might have been some talk about it. But they just put it into the regulations, so it's a fait accompli.
I'd like to ask what the impact is when the national regulator, which tells us that its prime directive is to not get involved, cuts CanCon from 60% to 55% without giving us reasons. What impact does that have on our production sector?