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for their art. what we believe is a truly— for their art. what we believe is a truly music— for their art. what we believe is a truly music is _ for their art. what we believe is a truly music is currently— for their art. what we believe is a truly music is currently very - truly music is currently very undervalued _ truly music is currently very undervalued and _ truly music is currently very undervalued and this - truly music is currently very undervalued and this is- truly music is currently very undervalued and this is why truly music is currently very . undervalued and this is why we truly music is currently very - undervalued and this is why we have announced _ undervalued and this is why we have announced a — undervalued and this is why we have announced a march _ undervalued and this is why we have announced a march that _ undervalued and this is why we have announced a march that we - undervalued and this is why we have announced a march that we are - announced a march that we are starting — announced a march that we are starting to— announced a march that we are starting to explore, _ announced a march that we are starting to explore, the - announced a march that we are starting to explore, the next i starting to explore, the next generation— starting to explore, the next generation of— starting to explore, the next generation of music - starting to explore, the next i generation of music streaming payment — generation of music streaming payment model— generation of music streaming payment model that _ generation of music streamingj payment model that highlights generation of music streaming - payment model that highlights the value of— payment model that highlights the value of music. _ payment model that highlights the value of music. find _ payment model that highlights the value of music.— payment model that highlights the value of music. and how much does deezer pay — value of music. and how much does deezer pay for _ value of music. and how much does deezer pay for each _ value of music. and how much does deezer pay for each streamed - value of music. and how much does deezer pay for each streamed song | value of music. and how much does i deezer pay for each streamed song to the artists? i deezer pay for each streamed song to the artists? .., ., , ., ., the artists? i cannot tell you that. is that confidential? _ the artists? i cannot tell you that. is that confidential? i _ the artists? i cannot tell you that. is that confidential? i would - the artists? i cannot tell you that. is that confidential? i would need | is that confidential? i would need to check— is that confidential? i would need to check that _ is that confidential? i would need to check that. 70%— is that confidential? i would need to check that. 70% of— is that confidential? i would need to check that. 70% of the - is that confidential? i would need | to check that. 70% of the revenue is that confidential? i would need i to check that. 70% of the revenue is publicly— to check that. 70% of the revenue is publicly stood — to check that. 70% of the revenue is publicly stood-— publicly stood. there is a lack of transparency. — publicly stood. there is a lack of transparency, we _ publicly stood. there is a lack of transparency, we do _ publicly stood. there is a lack of transparency, we do not - publicly stood. there is a lack of transparency, we do not know. l publicly stood. there is a lack of - transparency, we do not know. would you agree with that? to transparency, we do not know. would you agree with that?— you agree with that? to pick up on a coule of you agree with that? to pick up on a couple of things _ you agree with that? to pick up on a couple of things orlando _ you agree with that? to pick up on a couple of things orlando was - you agree with that? to pick up on a| couple of things orlando was saying, as we _ couple of things orlando was saying, as we have _ couple of things orlando was saying, as we have seen, the market returning _ as we have seen, the market returning to growth, the labels have increased _ returning to growth, the labels have increased significantly the amount they are _ increased significantly the amount they are spending on artist and repertoire, and to the marketing and promotion. _ repertoire, and to the marketing and promotion, and that has gone up significantly, it has doubled in the last four— significantly, it has doubled in the last four years and we have seen royalty— last four years and we have seen royalty rates going up. and we have seen artists' income as a proportion of revenue —