No, it's not dead, but it's certainly suffering. The problem is that since the advent of the streamers coming into the country, we have had a two-tiered system. There is no question about it.
It's a fact that our Canadian system is required to contribute to the making of content. The foreign companies are not, yet they're a great source for producers and for productions to get made. As we've seen vertical integration and the downward pressure on the Canadian broadcasting system in particular, there are fewer doors to knock on, and it does become a question of resources and access to markets.
For sure I think it's not dead, and storytelling will happen no matter which way this bill goes. In order to achieve that balance, you may have to consider both. There may need to be a bit of flexibility provided to the Canadian broadcast system—we know they need it—but that shouldn't go too far so that, again, the whole system starts to collapse and there is less focus on Canadian content. Also, there has to be some direction to the streamers, whether it's regulation or some control, so that as everybody has referenced, the $2.7 billion ends up being one or two shows in the French market and a few in the English market.
The issue, of course, is that once the IP is taken by a foreign entity.... On almost all occasions, that company comes in and they love Canada. They use our great creative talent, our tremendous resources and our locations, but they take the IP and the ownership of that content. They are the ones who make the money around the world. That is what has to change.