Thank you, Mr. Chair.
I'm going to go across the panel. I'd like to get your feedback on what we've heard from content creators. What they have consistently told us is that their revenue keeps going down year after year, despite the fact that they continue to create the content. Without the content, we wouldn't be in the position we are. Also, some of the smaller publishers are saying that their revenue is going down.
Yet we see that the universities are spending a large amount of money. In your case about $5 million over, I think, 15 years, and that has increased. We also heard from some of them that the reason is that large international distributors are charging a significant amount of money.
Can you give me your thoughts on how we can find that balance? Everyone is also saying that without creators of the content, we wouldn't be here. We want to protect them, and yet we want to make sure there is access to good-quality information, because we want to foster growth and innovation. Yet we hear from the authors on the open mike, and what they say is heart-wrenching.
Give me your thoughts. How would you approach it if you were in our shoes?