Thank you, Madam Chair.
Thanks to the witnesses for being here today.
The first question will go to Mr. Katz.
We heard from a number of witnesses who tried to pinpoint what caused the decline in remuneration to the creators. We heard that the digital platform was a problem, that it created more competition. Some said that the Copyright Act is not efficient enough to protect the artists. We heard about piracy and global competition. We also heard that the creators are signing horrible contracts and that they're not protecting their best interests.
In your opinion, what was the catalyst for the decline in remuneration to the creators?