Sure. Among our members are firms like Pearson, McGraw-Hill, Nelson, Scholastic, and on the education side, Wiley and Elsevier. Depending on how you would measure it, it's reasonable to say that we're probably doing in the vicinity of 80% of the paid commercial business that is done with schools, universities, and colleges across Canada. One big player that's a member of ours is Nelson, which is a Canadian-owned firm, or at least a Canadian-based firm; it's actually owned by some hedge fund money out of New York, I think. These are all global players.
The other element that I was pointing to in my remarks was that these firms all have alternatives to investment in a market like Canada. They could be the U.K., Australia, China, India, Latin America, etc. Most of these players have footprints right throughout the globe, and attracting investment to build Canadian resources for Canadian students and educators is really based on fundamental return on investment criteria that they see being met in the marketplace. The undermining of collective licensing casts real doubt on the viability of this market for those global players who can invest that money in lots of other places.