Online streaming services must now pay into fund for Canadian news, content

The Canadian Press 04/06/2024 12:59 Online streaming services like Netflix and Spotify are being told they must start contributing money toward local news and the production of Canadian content. The Canadian Radio-television and Telecommunications Commission has directed foreign streamers today to pay five per cent of their annual Canadian revenues into a fund. That fund will be devoted to producing local TV and radio news, Indigenous content, French-language content, and content created by those with a diverse background. The CRTC says the fund is expected to inject about $200 million into Canada’s broadcasting system every year. Those responsible to pay would be companies that are not affiliated with a Canadian broadcaster that make at least $25 million from Canadian broadcasting. The new directive is meant to level the playing field…

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