Thank you.
Mr. Dubois, Ms. Aubry, I have a few questions for you.
You talked about a loss of $30 million in royalties for writers who use collectives. I assume you are talking about an annual loss for all of Canada. However, the amounts universities and others spend are on the rise. You are trying to explain that paradox.
Is it possible that the reason is found in digital content and among authors who do not use collectives?