Thank you, Mr. Chair.
Before I begin my comments, I just want to recognize two individuals who are with us today. They are two students from Mr. John Weston's riding of West Vancouver who are sitting behind Mr. Weston. They are part of the Forum for Young Canadians and they are attending committee to see how it works. I just want to recognize both Aria and Matthew. Welcome.
To the witnesses, you live and work in an industry that is rapidly changing. There's been an immense amount of change in the last dozen years with the advent of digital technology. Frankly, I don't envy you; I think it's a significant challenge. I'm happy to see that you're engaged and that you take this challenge seriously. I'm sure you have some solutions, which I'll ask for a little later.
Elizabeth and Jodie, I'm going to ask you to respond to my first question because it was part of your presentation. You say that more and more the activities between music publishing and record labels are becoming blurred and there's a crossover. Can you tell me the difference between the two?