Thank you, Mr. Petit.
Like Ms. Morin, you have explained the issues around royalties redistribution. I hope we will have time to discuss that further today.
However, I would to go straightaway to Mr. MacKay, because we are talking about royalties for streaming services.
Mr. MacKay, in a limited market like the Canadian one, royalties for a product—the word “product” may likely seem offensive to some, but we are talking about the music “industry”, not the “art” of music—are probably quite low because they are established according to levels of international access, which may result in a bit more than fractions of a cent if the volume of consumption is significant.
Who other than the government could potentially make up for these losses? Streaming is the current pattern of use. According to various studies, such as the one conducted recently by the International Federation of the Phonographic Industry, or IFPI, 80% of music is streamed. What can be done to ensure that our creators get a fair shake, given this new way of listening to music?