Thank you.
The commercial radio station profits from 1995 were $3.6 million according to this report. In 2016, they were $437.5 million. There is value in the value chain. It just isn't getting down. That has been repeated a few times today.
Miranda Mulholland is quoted in this report as saying that she played on almost every episode of the CBC's Republic of Doyle, and it's syndicated worldwide. She received a one-time union rate of about $280, while the composer collects residuals every time the show airs in 44 countries around the world.
Is there a global standard that we need to look at, or is there a global standard that we're not in sync with?