Mr. Victor Finn:

IMRO's revenue is for writers, composers, songwriters and our music publishers. Our total revenue is down in excess of 30%. In the public performance area, which includes live events, cinema and general entertainment events, our public performance revenues are down almost 70%. It is absolutely devastating for our members' earnings from royalties.

In the online space, we want to see a rebalancing of the revenues under the copyright directive. The giant tech platforms have built global businesses on the back of creative content without fair sharing of that online revenue. That is what the copyright directive seeks to redress and it is why we need to implement it before the 7 June deadline this year. We want it to be implemented without any dilution whatsoever. It is really a critical juncture for us and our members in that regard.