There's definitely a challenge as the music industry changes and music consumption changes, to make sure that the way music is being consumed is monetized, and monetized in a way that allows artists to continue to make a living in the music industry and people to continue to invest.
I think that goes to the point that I made earlier in terms of the regulatory process. The problem now is that a lot of the ways that music is consumed by music consumers doesn't result in any money going back to the artists and the people who produce the music.
Even in the situations with streaming services that are legal streaming services, even if the royalty rates are low so that it requires many plays to get to a level of revenue, at least there is revenue going to the artist. When I made the point earlier about the regulatory process in Canada, I think in Canada we see that only 7% of revenues are coming from streaming, versus 20-something per cent in the U.S., and that's because we just don't have as many legal streaming services here in Canada.
We certainly want to encourage as many of those as possible. Part of the process for having as many of those services in Canada as possible is to have a regulatory process that gives them and rights holders certainty as to what the rates are.
Something I would strongly recommend that Parliament and the government look at is making sure that the Copyright Board, the regulatory body that sets those rates, is well enough resourced and the process is efficient enough that these things can be turned around, and as these business models develop, that can take the place of the illegal distribution of music, or the distribution of music that isn't resulting in money getting back to creators, and it's making sure we are doing everything we can from a regulatory point of view to facilitate this.