Ultimately, this does come down to fact that the new players disrupting the market are the FANG companies. We're talking about Facebook, Amazon, Netflix, and Google. These players are emerging. The are increasingly becoming dominant. They are long past the stage where they are scrappy start-ups. They are now absolutely huge multinationals that are in a position increasingly—and I certainly see this on the film and television side, but we also clearly see this on the music side, and I think Graham will probably be able to echo that in a few seconds. They have reached levels that are almost as if you would go back to the 1920s.... I read a piece recently that was talking about this in terms of the trust-busting era. We're almost at that size. We've obviously seen this play out in a number of different venues. The impact of Facebook in politics is a huge one, for example.
What's important for us...and this is what we will be talking about in terms of the Broadcasting Act and Telecommunications Act, but also particularly in terms of the Copyright Act, is to.... In an environment where you are going to see increasing consolidation and fewer players who are able to use these new disruptive technologies they've used, which have a lot of hugely positive impacts but also disrupt traditional ways in which artists have done business, we need to find ways to level the playing field to ensure that the people who create the work are able to profit even just in an equitable way, as opposed to the people who are now finding new ways to exploit the work and are increasingly able to dictate terms unilaterally.