Sure.
In terms of what I was presenting, the funding there is royalties. It's royalties for the play of recorded music on radio. It exists but it's reduced by what I think was meant to be a transitional provision in the act that limited the amount of royalties that were paid. This is taking $8 million a year out of the royalty pool for musicians and record companies. That subsidy was introduced in the act with the new royalty back in 1997. At the time the entire radio industry had a profit of about $3 million.
Fast forward to today and the profits of the radio industry are in the hundreds of millions. It's a much more concentrated industry. You have the four major radio groups representing over 80% of the revenues of the industry.
We would look at all of that and say, if that subsidy was ever justified, it certainly isn't justifiable in today's world. In a free marketplace the artists and the record companies should be getting fair compensation for the music that's played on radio, and that's all we're asking for. Of the $8 million that would be injected into the music system, not a penny of it would come from government. It's not asking for additional funding. It's asking for payment for things that are being used.