Thank you, Mr. Chair, and thank you, panellists, for joining us today.
I'm always trying to follow the money in everything, and it seems as though there's money in the industry. It seems as though some parts of the industry are doing quite well and others are suffering. We're consistently hearing that the artists and the musicians and the songwriters are not receiving the funding they should, or the financial recognition for the work they're doing.
Mr. Monahan, you made some interesting comments at the beginning of your presentation, that we've never seen such an increase in music as we have today, and there are still about the same number of musicians making a living at it and their revenues are actually fairly consistent.
Can you expand a little more on that? What do you see and what do you base that on?