CRTC announces online streaming giants to contribute revenues to Canadian content
PRINCE GEORGE – The Canadian Radio-television and Telecommunications Commission (CRTC) announced online streaming giants will soon have to contribute 5% of its revenues to funds supporting local Canadian content.
In a press release, the CRTC says online streaming services that make $25 million or more annually and are not affiliated with a Canadian broadcaster will have to start to “make meaningful contributions to Canadian and Indigenous content.” Amendments to the Online Streaming Act (formerly Bill C-11) will take place on September 1, which is when streaming companies will be legally mandated to contribute 5% of its funds to Canadian content.
