Thank you very much for all your testimony. It is good to have you here towards the end as well because it allows us to ask you questions about what we heard. We've been coast to coast to coast, hearing from various people with great ideas.
We heard from the Fédération nationale des communications, the FNC. They proposed the creation of a new category of copyrighted works, a journalistic work. That would provide journalists a collective administration. It would oblige Google and the Facebooks of the world to compensate journalists for their works that are put on the Internet through them. Do you have any comments about that? Also, in particular, how might it compare to article 11 of the European Union's proposed directive on copyright in the digital single market?
Michael, I'll start with you.