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Boost for Canadian Content: Online Streaming Services Now Pay In

Arafat Rahman

Starting June 4th, these services will need to pay 5% of their annual revenue earned in Canada into a special fund.

Canadian streamers, rejoice! But also, pay up! The Canadian Radio-television and Telecommunications Commission (CRTC) is requiring foreign streaming giants like Netflix and Spotify to contribute financially to Canadian content.

Starting June 4th, these services will need to pay 5% of their annual revenue earned in Canada into a special fund. This money will be used to support local TV and radio news, Indigenous content creation, French-language productions, and projects by diverse creators.

The CRTC estimates this move will inject $200 million annually into Canada’s broadcasting system. The goal? To create a more level playing field. Traditional broadcasters in Canada already contribute to Canadian content, so this new rule aims to even things out with the tech giants.

It’s important to note: Only foreign streaming services that make at least $25 million from Canadian users and aren’t affiliated with a Canadian broadcaster will be affected.

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