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Stingray President Applauds New CRTC Regulations to Boost Canadian Content – VOCM

Jun 6, 2024

The founder and president of Stingray Group, the parent company of VOCM, believes a new Online Streaming Act is good news for all Canadians and in particular Canadian news media.

The CRTC says implementation of the new legislation will mean online streaming services will have to make what they call “meaningful contributions” to Canadian and Indigenous content.

The regulator will require online streaming services to contribute five per cent of their Canadian revenue to support the Canadian broadcasting system. According to the CRTC, those obligations will start in the 2024-2025 broadcast year, and will provide an estimated $200 million per year in new funding.

Read More: https://vocm.com/2024/06/06/online-streaming/

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