Canadian Regulator Triples US Streamers' Financial Contributions to Canadian Content The recent decision by Canada's broadcast regulator to triple the financial contributions made by large online streaming services to Canadian content has left many in the industry perplexed.
The new requirement, which will see these companies contribute 15% of their Canadian revenues, represents a significant increase from the initial 5% contribution and demonstrates that Canada's regulators are serious about protecting its domestic media landscape.
This move is part of the implementation of the Online Streaming Act, a contentious piece of legislation that has sparked tensions between Canada and the US.