Thank you, Madam Chair.
Thank you for being here today, Mr. Adams.
This is fascinating for all of the members of the committee, as well as for all of those in the arts field who are observing our proceedings. It's rare that we have the opportunity of welcoming a real artist who pursued a career in an industry that valued talent and saw to it that artists were remunerated. That was certainly advantageous for the artists, and for many record companies like the one I worked for at the time, Sony Music Entertainment. I was well aware of all the marketing costs we recovered from artists' royalties, and so on. It was a system that, generally speaking, worked well.
I see that this year, the rights for the album Cuts Like a Knife, which everyone here knows, would in fact be cleared under the current act. You could recover the rights and the master recordings.
This is probably the main issue; is it the rights on the master recordings that are cleared, or on the publishing deal?