With the issue of regulation, I think you've pointed to Netflix and others as not being regulated the same way in Canada as it is in other countries. That is a concern that we have heard in the past. I would say that within the four corners of our act that's not a consideration that we take a look at particularly for whether the company is subject to any type of regulation, whether it be income tax or other considerations within the country. We do look, as my colleague Jeanne has mentioned, at the economic impact of a given transaction, and that really is the focus of our lens.
On November 1st, 2016. See this statement in context.