(Laughter) (Applause) Since the big content markets have grown in line with historic norms, it's not additional growth that piracy has prevented, but copyright math tells us it must therefore be foregone growth in a market that has no historic norms -- one that didn't exist in the 90's.
(Risas) (Aplausos) Visto que os produtores de contidos medraron de acordo coas normas tradicionais, a piratería non evitou  este crecemento adicional, pero as matemáticas do copyright dinnos ten que ser polo tanto  un crecemento previsíbel nun mercado que non ten normas históricas, un que non existía nos anos 90.