CRTC requires streaming services to fund Canadian content
The CRTC has announced new regulations to support Canadian and Indigenous content on streaming services, effective September 1, 2024. These rules require platforms to contribute 5% of their Canadian revenues to funds supporting Canadian music, film, television, and news, with specific allocations for Indigenous, French-language, and other diverse content. This initiative follows the Online Streaming Act (Bill C-11) and aims to invest approximately $200 million annually into the Canadian content industry.
Key Takeaways
- Streaming services must pay 5% of their Canadian revenues into content-support funds.
- The CRTC says the rules will direct money to Canadian music, film, television, and news.
- Specific allocations include Indigenous, French-language, and other diverse content.
- The initiative follows the Online Streaming Act (Bill C-11).
- The regulator expects about $200 million annually for the Canadian content industry.
Why It Matters
The immediate effect is a mandatory cost on streaming platforms operating in Canada: 5% of Canadian revenues will now flow into funds for local content. That creates a direct financing channel for Canadian music, film, television, and news, while also earmarking support for Indigenous and French-language content. The policy follows the Online Streaming Act (Bill C-11), making it another concrete step in Canada’s streaming regulation framework. Watch the CRTC’s implementation details for the September 1, 2024 effective date and how the $200 million annual target is split across the named funds.
Read full article at westcentralonline.com
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