Canada orders 15% revenue contribution from U.S. streamers
Canada's CRTC (Canadian Radio-television and Telecommunications Commission) has ordered American digital platforms to contribute 15% of their Canadian revenues to subsidize local independent production. This mandate has drawn criticism from major studios, who characterize it as a discriminatory investment.
Key Takeaways
- The CRTC ordered American digital platforms to contribute 15% of their Canadian revenues.
- The money will subsidize local independent production in Canada.
- Major studios described the mandate as a discriminatory investment on U.S. streamers.
- The order was issued on Thursday, according to the article.
Why It Matters
The immediate effect is a direct revenue levy on American digital platforms operating in Canada, with 15% of Canadian revenues directed to local independent production. That creates a new compliance and cost line for U.S. streamers in one national market, while also putting Canada’s funding model in sharper focus for studios already calling it discriminatory. The key signal to watch next is whether the CRTC issues further details on how the 15% contribution will be calculated and collected.
Read full article at msn.com
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