We have the last page of our proposal.
As Daniel has just said, 25 years is plenty of time for copyright to be exploited by an assignee. The second point is that an author or composer can see a further potential financial benefit of their work in their lifetime and reinvest in new creation, and this would happen by having a reversion—it's an incentive. This is the single and probably the most efficient subsidy to Canadian creators at no additional cost at all to the taxpayers.
I don't know if we need to get into it at this point, but the U.S. industry is benefiting from additional advantages compared to Canada. Authors, composers and songwriters are benefiting from the fact that they are getting their copyrights back earlier than Canadians are.
That wraps up my presentation, ladies and gentlemen. Thank you very much. If you have any questions, I'm at your disposal.