Mr. Speaker, in 1928, the recording industry in the United States collapsed. It was the biggest single loss in the history of the recording industry. It happened because the radio came in. Why buy records when people could listen to the radio?
The industry was in deep crisis until it found a solution where it forced the radio stations to pay a share. Part of the reason that people were listening to the radio was because they were listening to music. That remuneration stream then brought in an unprecedented artistic development of artists across North America and Europe because they were able to be paid.
What we are seeing now in this changing culture is that artists have incredible new opportunities for getting their product out there, but they do not have any way to get paid. It is decimating our artists at a time when they have incredible international opportunities.
The issue is needing a balance. We have to find a remuneration monetization stream for our artists, but our legal issues need to be focused on going after the counterfeiters and bootleggers who are undermining the overall economy with commercial operations that use products and sell them, making money off of the backs of other people's work.