I just want to share an observation that we've made on this side. I want to get your perspective and to help us fill in the blanks.
We've noticed that the revenue or income for creators looks like it's on a downward slope. If we have a graph with timelines and revenue, what we've noticed is that creators' revenue is trending downward. It looks like expenses for libraries are going up. We talked about the $200 million and the $370 million. I've done some searching around student's expenses as they relate to the material, and I would say that these expenses are on an incline. It might be with a different slope.
I'd like your opinion on the other stakeholder group, which in my mind would be the publisher. Where would you say that revenues or costs are trending for publishers, and how would it fit in the diagram?
Michael, do you want to start?