Canada's broadcasting regulator, the Canadian Radio-television and Telecommunications Commission (CRTC), has mandated that foreign online streaming services operating in Canada must contribute 5% of their Canadian revenues to support the domestic broadcasting system. This new regulation, effective from September 1, 2024, aims to fund local media productions, including Canadian news and content. Major streaming platforms such as Netflix, Spotify, Amazon Prime Video, and Disney+ will be affected by this policy. The CRTC's decision is part of the implementation of the Online Streaming Act. Heritage Minister Pascale St-Onge stated that this measure will help create more Canadian content. However, U.S. business groups have expressed concerns, urging Canada to reconsider the plan, labeling it as unfair and counterproductive. The policy applies to foreign streaming platforms with more than C$25 million in Canadian sales annually and includes funding for Indigenous broadcasting.
Canada demands 5% of revenue from Netflix, Spotify, and other streamers https://t.co/3w4y5GzWFH
New fee for streaming companies serves Canadian interests at Americans’ expense: U.S. https://t.co/18oeyiOZRw https://t.co/pX81XwFVym
New fee for streaming companies serves Canadian interests at Americans' expense: U.S. https://t.co/fty8HeuzTS
New fee for streaming companies serves Canadian interests at Americans’ expense, U.S. says https://t.co/QH06Mw809s
Trudeau is making it more expensive for YOU to stream shows in Canada. He's not worth the cost. https://t.co/XgspUKfegq https://t.co/Xz4ooNAS5o
Canada will start requiring foreign streaming platforms to contribute 5% of their Canadian revenues to help pay for local media productions, per Bloomberg.
Online streaming services like Netflix and Spotify must now pay into fund for Canadian news and content https://t.co/wJrx2JBHLs
US business groups urged Canada to reconsider its plan to tax foreign online streaming services, saying it would be unfair and counterproductive. https://t.co/mQIoIxhBOY
Foreign streaming platforms not affiliated with a Canadian broadcaster that make more than $25 million of Canadian revenue annually will need to pay. MORE: https://t.co/KgGzT76Lhn https://t.co/lwJAJ87NHB
Foreign streaming platforms not affiliated with a Canadian broadcaster that make more than $25 million of Canadian revenue annually will need to pay. https://t.co/KgGzT76Lhn
Canada will begin imposing a tax on foreign online streaming services including Netflix, Amazon Prime Video, and Disney+ starting in September, prompting outrage from US business groups. https://t.co/pRlyRpQm57
Canada demands 5% of revenue from Netflix, Spotify, and other streamers https://t.co/jsbR6BahIT
"The Canadian Radio-television and Telecommunications Commission has directed foreign streamers today to pay 5% of their annual Canadian profits into a fund." https://t.co/YtnjLKqBpx https://t.co/X5wzgyP7Rp
Streaming services ordered to fund #Canadian content 👀 https://t.co/laFaEPuHtd
The Canadian Radio-television and Telecommunications Commission said that major online streaming services operating in Canada will be required to contribute 5% of their Canadian revenues to support the domestic broadcasting system https://t.co/NDBxI4KBlX
Major online streaming services operating in Canada will be required to contribute 5% of their Canadian revenues to support the domestic broadcasting system, the country's telecoms regulator said https://t.co/AMPnWXYOaL
Foreign online streaming services must now pay into fund for Canadian news, content https://t.co/EbKPij0RAu
Online Streaming Services In Canada Must Hand Over 5% of Domestic Revenues https://t.co/g7oleOLLov
Streaming Giants Ordered By Canadian Regulator to Pay for More Local Movie and TV Content https://t.co/Ycs6a84wZI
Canada’s broadcasting regulator wants to force streaming giants to dedicate a portion of their profit to prop up struggling Canadian legacy media. https://t.co/vqykFJZyrh
The CRTC announced that online streaming services that operate in Canada would be forced to pay 5% of their revenues made in the country to the federal government to help pay for various programs like Indigenous broadcasting. https://t.co/niDNo1rKgQ
The CRTC wants to force streaming giants to dedicate a portion of their profit to prop up struggling Canadian legacy media. Heritage Minister Pascale St-Onge says this will help streaming giants because more Canadian content will be created. https://t.co/tOaW4WjlbX
Streaming services must now pay into Canadian content fund https://t.co/tgPEU6sy1c https://t.co/wdY7hThKuU
Online streaming services like Netflix and Spotify are being told they must start contributing money toward local news and the production of Canadian content. READ MORE: https://t.co/ZKumUR1KMB https://t.co/ZKumUR1KMB
📣 JUST IN: CRTC Requires Online Streaming Services to Contribute to Canada’s Broadcasting System $NFLX $AAPL $GOOGL $AMZN $DIS $WBD $FUBO $PARA $CMCSA 👉 Key Highlights: 📍 CRTC takes a major step in implementing the Online Streaming Act. 📍 The Act requires online… https://t.co/CSfrUd5mrk https://t.co/5cK3R43TYc
CRTC says online streamers must start paying into funds for Canadian content, news https://t.co/iWn2U7LKNn https://t.co/hY3VnJXNNh
Canada's broadcast regulator orders foreign streaming services with C$25M+ in sales to contribute 5% of Canadian sales to help fund local content from Sept. 1 (@paulvieira / Dow Jones Newswires) https://t.co/3VTmlUn4lI https://t.co/PWRK7vN7dj
Streaming services must now pay into fund for Canadian news, content: CRTC https://t.co/guRGpcNICL https://t.co/eI9PlyfNi7
Canada Mandates Foreign Streaming Services to Contribute 5% Revenue to Local Media: CRTC https://t.co/Hv2qjyQXHa
📣 JUST IN: Canada bill requires streaming services pay 5% of country sales Stay tuned for detailed insights... $NFLX $DIS $WBD $PARA $CMCSA $FUBO $AMZN $GOOGL
Canada will start requiring foreign streaming platforms to contribute 5% of their Canadian revenues to help pay for local media productions https://t.co/vA2FGzLMj1
Wow! 5% towards Canadian news operations from streamers. @bobmackin @bc_news_addict https://t.co/Cl0RhRf0yM
Online streaming services operating in Canada will be required to contribute 5% of their Canadian revenues to support the domestic broadcasting system, the CRTC says. https://t.co/8laOz4FWIG .
Online streaming services must now pay into fund for Canadian news, content. https://t.co/rcM2OyA8Wx #cdnpoli #Netflix Find out more at https://t.co/xofn4ZJv7R https://t.co/YCWKyE5xI7
Canada says online streaming services must hand over 5% of their domestic revenues https://t.co/1KVxHZZfUX https://t.co/CLznMKcnPi
Online streaming services must now pay into fund for Canadian news, content https://t.co/NxIieoebEk https://t.co/Z1FcR5CDyB