I will just add one thing. I think it may be both. Certainly creators will hopefully change their business model to take advantage of new technologies and the abilities to monetize and reach large audiences. That's a good thing.
I think the one thing that I would caution is that.... Certainly, it's a goal of this committee to broaden competition among Internet platforms. That's a good thing. The whole start-up ecosystem is very dynamic and provides more opportunities for artists and creators.
The route that Europe is taking with these regulations, article 11 and article 13, while well-intended, may have the opposite effect by concentrating the power of larger companies. This is just because some of the regimes, like the filtering regimes that are being mandated, are really expensive and resource intensive. Look at YouTube's content ID as an example. They spent $60 million on it.
Those may be mandates and obligations that larger companies are able to meet, but for somebody who's creating a new company in her dorm room and who has to meet the same kind of obligations, she cannot. That's the kind of result that I think we need to be mindful and careful of.