Thank you, Madam Chair.
I thank the witnesses for coming today and talking business, and this is all about business.
When I was growing up, we didn't have a lot of choice. We were limited to what was available at the stores and on the radio and TV. However, that has changed. I don't think industry has caught up yet to the reality that we can get programming from all around the world. I think it's more of a competition issue. We have more choices. We have the ability to choose what we want to see and when we want to see it. There's the time element and everything else. Things are changing rapidly.
My question is to Mr. Sparrow. Is competition the real factor as to why artists are making less? Is it because there's so much other material out there? Do you have an opinion on that? Can you just give your point of view on that aspect?