Thank you, Mr. Chairman
Thank you both, Mr. Vallance and Mr. Hoffert, for coming out and providing testimony to this committee. Sorry for interruption, but at least you got to eat out of the deal on the government's nickel. We'll send you a T4 or something. Just kidding.
First of all, I want to congratulate both of you on your careers and your achievements and accomplishments in the music industry. You both have very distinguished careers, and I want to acknowledge that and thank you for your involvement in the industry.
Mr. Vallance, you talked a little bit about the copyright, and you were providing a little bit of opinion. If you could, expand a little bit on that.
But I would also like you to comment on the funding that the Canadian government provides to the music industry through organizations like FACTOR, which puts that money into four different areas within the music industry. The four different components are the new musical works component, the collective initiatives component, music entrepreneur component, and the Canadian music memories component.
Are we putting money into the right places? Is it being administered properly? I think maybe I heard that perhaps it's not, and I wonder if you could give your comments on that.