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Canada Requires Streaming Services with C$25M+ Sales to Contribute 5% of Revenues to Local Content from September 1
Jun 4, 2024, 03:16 PM
Canada's broadcast regulator, the Canadian Radio-television and Telecommunications Commission (CRTC), has mandated that online streaming services operating in the country must contribute 5% of their Canadian revenues to support local media productions and news. This new requirement applies to both domestic and foreign streaming platforms, including major players like Netflix and Spotify. The regulation, part of the Online Streaming Act, will take effect from September 1, 2024, and aims to bolster the domestic broadcasting system by ensuring that a portion of the revenues generated by these services is reinvested into Canadian content. The mandate applies to services with C$25M+ in sales.
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