Madam Speaker, I have the Yale report right here. Members will recall that the Yale report said that service providers are in the business of infrastructure, so they should invest in infrastructure, and content providers are in the business of content, so they should invest in content. That is the gist of what the Yale report said.
I want to remind the House that for the first time in this country's history, Canada's broadcasting laws and regulations will apply to web giants. That has never been done before.
Earlier I said that this will generate nearly $1 billion a year in investments from these companies, but it is actually more than $1 billion, because if nothing is done by 2023, Canadian productions and Canadian artists will miss out on $1 billion.
On top of reversing the trend, this bill will generate more than $1 billion in investments for our artists and musicians.