Canada expands streaming levy to 15% to fund local content

1 min read
Source: TechSpot
Canada expands streaming levy to 15% to fund local content
Photo: TechSpot
TL;DR Summary

Canada's CRTC is fully implementing the Online Streaming Act, requiring major streaming platforms earning over CAD 25 million in Canada to allocate 15% of Canadian revenue to funding Canadian content (with 30% of that funding reserved for French-language productions). Broadcasters earning more than CAD 100 million annually face additional rules to direct 30% of certain spending toward Canadian production partnerships, with at least 15% of those funds supporting Canadian journalism. The regime is expected to raise about CAD 2 billion for Canadian and Indigenous content and to improve discoverability of domestic programming. US platforms and the MPA have criticized the levy and are pursuing legal challenges in federal court, but regulators say implementation will proceed, citing cultural exemptions under the Canada–United States–Mexico Agreement (CUSMA).

Share this article

Reading Insights

Total Reads

0

Unique Readers

10

Time Saved

2 min

vs 3 min read

Condensed

78%

559124 words

Want the full story? Read the original article

Read on TechSpot