I will try to be fast.
The elephant in the room is the notion advanced that consumers will suffer. This is simply false. The physical scale model has been replaced by a streaming model. Buying music will be supplanted long before any hypothetical consumer impact takes place.
The Canadian business model is based on investment at the bottom level, and music publishers are doing that. Today we can buy a song from a wide variety of sources for 60ยข. There's no reason to believe that extending term provision will have any meaningful impact on a consumer. It enhances the ability of Canadian companies to invest in developing Canadian culture further over the long term.
Thank you very much Mr. Chairman.