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

Jun 4, 2024

OTTAWA — 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 profits 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.

Read More: https://halifax.citynews.ca/2024/06/04/online-streaming-services-must-now-pay-into-fund-for-canadian-news-content/

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