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Canada Mandates Foreign Streaming Services to Contribute 5% Revenue to Local Media: CRTC
Jun 4, 2024, 02:00 PM
Canada has announced that online streaming services operating within the country will now be required to contribute 5% of their Canadian revenues to support the domestic broadcasting system. This new mandate, enforced by the Canadian Radio-television and Telecommunications Commission (CRTC), aims to bolster Canadian news and content production. The policy will apply to both domestic and foreign streaming platforms, ensuring a steady stream of funding for local media productions.
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