
Online Streaming Services Must Now Pay Into Fund for Canadian News, Content
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 on June 4 to pay five percent 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 intoCanada’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....
