OTTAWA, Ontario (AP) — Large online streaming services must contribute 15% of their Canadian revenues to Canadian content, the country’s federal broadcast regulator said Thursday.
That figure is three times the 5% initial contribution requirement the Canadian Radio-Television and Telecommunications Commission, CRTC, set out in 2024, which is being challenged in court by U.S.-based major streamers, including Apple, Amazon and Spotify.
The CRTC made the decision as part of its implementation of the Online Streaming Act, which the U.S. has identified as a trade irritant ahead of trade negotiations with Canada.
Thanks Carney, you sure a master negotiator.
