I think the key thing is that the centerpiece of the bill—which will require foreign broadcasters like Netflix, Amazon and Disney+ to contribute in the same way as current Canadian broadcasters—will make a very significant improvement in the watering of the garden.
For example, right now, Netflix makes, just to make the math simple, just over a billion dollars a year in Canada. If it had to spend the same amount of money on Canadian shows that Global does, at 30% of gross revenue, it would have to inject $300 million into program production.
That's just one of them. If you cascade them up, as the Minister of Heritage has done in terms of his claims of how much more money would be injected into the system, he's quite right. It will be a very substantial amount of money. If we don't do it, however, then the problem is exactly as per what I was saying. The financial circumstances of the major broadcasters in Canada are extremely difficult, and they will be spending inevitably less and less on Canadian programming.
We're going to find a big shift in the system. Canadian production is going to be more and more supported by foreign broadcasters in Canada, and less and less by the traditional Canadian-owned broadcasters.