Unfortunately, it will have a negative impact on the industry. We are already lobbying the provincial government to give some retroactivity to productions that were already under way. Given that the vast number of projects in Ontario are episodic, these TV producers have budgeted potentially multiple seasons, and their spreadsheets are now far off with that 3.5% reduction.
The impact is negative. Certainly, Ontario has always been portrayed, quite accurately, as a stable, reliable jurisdiction in the eyes of Hollywood producers and our domestic producers. This specifically affects service production, and right now we have lost that image of stability. We are asking the government to reconsider and to offer some form of stability in terms of a timeline and how long we can depend on the credits at their current level.