Thank you, Mr. Chair.
Thank you, everybody, for being here and taking the time to prepare your presentations.
I feel like we're picking on you a bit, Mr. Henderson. I want to focus a few of my first questions on you.
Your organization represents Sony Music, Universal Music, and Warner Music Canada. Generally speaking, these are the types of actors that profit the most from the value chain of a song or a movie, particularly when acting in a producer capacity. StatsCan data shows that median incomes in all occupations of the music industry have increased between 2010 and 2015, except in the case of the performers themselves, for whom they have decreased.
Is it possible that artists' remuneration is being impacted not only by digital disruption and some of the value gap issues you raised, but also by producers who are taking increasingly larger shares?