By Canadian Press

Online streaming services must now pay into fund for Canadian news, content

Jun 4, 2024 | 7:15 AM

OTTAWA — Online streaming services like Netflix and Spotify are being told they must start contributing money toward local news and the production of Canadian content.

The Canadian Radio-television and Telecommunications Commission has directed foreign streamers today to pay five per cent of their annual Canadian profits into a fund.

That fund will be devoted to producing local TV and radio news, Indigenous content, French-language content, and content created by those with a diverse background.

The CRTC says the fund is expected to inject about $200 million into Canada’s broadcasting system every year.

Those responsible to pay would be companies that are not affiliated with a Canadian broadcaster that make at least $25 million from Canadian broadcasting.

Meaningful Mementos

Remembering Someone You've Lost at Christmas

Dec 03, 2024

Seasonal Sorrow

How Do You Get Through The Holidays When You're Grieving?

Nov 01, 2024

Upcoming Events at Oliver's

Grief & Loss and Estate Planning Seminars

Oct 02, 2024

The new directive is meant to level the playing field between tech giants and traditional broadcasters, which already contribute to producing Canadian content.

This report by The Canadian Press was first published June 4, 2024.

The Canadian Press

<!– Photo: 46eb0060-2d2a-46cc-8b60-efdb7c31bec4.jpg, Caption:

A person navigates to the online social-media pages of the Canadian Radio-television and Telecommunications Commission (CRTC) on a cellphone in Ottawa on Monday, May 17, 2021. THE CANADIAN PRESS/Sean Kilpatrick

–>