Let me start.
First of all, this is looking-forward regulation, not looking-back regulation. If you look at the way in which streaming services and sharing platforms would be brought into the act, you see that it's not a licensing model but a registration model, which already is substantially less onerous. It doesn't involve interfering with business models or the kind of content you produce or how you offer it. It is really a very simple mechanism.
I would say this is—