A lot of traditional broadcasting legislation, I think it's fair to say, was built on a fear that we would be swamped by primarily American content if left to our own devices. In the modern Internet, it's not really the U.S. that is dominating that for us. We are participating in a global system in which we experience content from creators all around the world and in which many of our creators—most of them, I would say—find most of their success outside of Canada.
The reason that's relevant here is that it's very risky for a small country like Canada to encourage this kind of model of prioritizing our own content. The benefits are pretty meagre if we make it work for our local content. The risk, if a larger country like France were to do the same thing, is enormous to us. We're talking about the majority of revenue that many people creating that kind of content could stand to lose, or they could at least have their content downgraded and earn less of that revenue.
We think it's a risky approach that we shouldn't be embracing here.