Thank you, Mr. Chair.
Thanks for a wide-ranging discussion here.
I come from a distribution background, a different type of distribution—industrial distribution. I'm trying to understand the efficiencies in the distribution system where we have SOCAN working on certain aspects. I have seen on your website the Layla system and some new digital tools that publishers can use to track income and distribution, the operational costs of SOCAN and how those might have changed over time.
Mr. MacKay, I'm thinking of how you're working with bilateral agreements with other countries, helping the artists get paid for their music. Of course, 80% of the revenue is going to the members, according to your website, but you still have your own operating costs.
CPCC also has operating costs.
How do we compare with other countries in terms of our support of the industry? Do we have a similar layered approach similar to other countries? Could you comment on how it might compare with the book-publishing industry, as an example?