National

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

Darpan News Desk The Canadian Press, 04 Jun, 2024 09:58 AM

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.

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

Prev Next

MORE National ARTICLES

Political shift underway in B.C., says confident Conservative Leader John Rustad

B.C. Conservative Leader John Rustad says Premier David Eby and Opposition BC United Leader Kevin Falcon are both looking over their shoulders at the political gains being made by the new kid on the block. Rustad says the presence of his two-member Conservative caucus has stirred debate and changed dialogue at the legislature and the party appears to be gaining momentum with voters as British Columbia's scheduled fall election approaches.

Political shift underway in B.C., says confident Conservative Leader John Rustad

BC chief coroner Lisa Lapointe retiring

The B.C. Coroners Service had been "forever altered" by the public health emergency that continued to take the lives of people of all ages across the province, including more than 2,000 deaths so far this year, Lapointe said in a statement Wednesday. B.C. declared a drug overdose public health emergency in April 2016. Latest numbers show the loss of 13,317 lives, at a current rate of more than six people a day.

BC chief coroner Lisa Lapointe retiring

Burnaby business targeted twice in 24 hrs

Police in Burnaby say they have recovered about half-a-million-dollars in stolen surveying equipment after a business was targeted by thieves twice in 24 hours. Burnaby R-C-M-P say the first break-in happened at 6 a-m on November 13th at the business, located near Still Creek Avenue and Douglas Road.

Burnaby business targeted twice in 24 hrs

Vancouver Mayor Ken Sim moves to axe elected Park Board

Mayor Ken Sim says he's moving to abolish Vancouver's elected Park Board, which is the only such body in any British Columbia city. Sim says at a news conference in City Hall that he'll be moving a motion to ask the province to amend the Vancouver Charter to bring control of parks under the city council.

Vancouver Mayor Ken Sim moves to axe elected Park Board

Bank of Canada holds its key interest rate steady at 5% in final decision of 2023

The Bank of Canada is not ruling out future rate hikes just yet. The Bank of Canada projected that in October that inflation will fall back to the two per cent target in 2025.

Bank of Canada holds its key interest rate steady at 5% in final decision of 2023

Most Canadians want more federal spending on health care, housing: poll

A majority of Canadians think the federal government should spend more on health care, a housing strategy and initiatives to ease inflation and cost-of-living issues, a new poll suggests — but they also want it to freeze or reduce other spending. Nearly three-quarters of respondents to the new Leger poll, or 71 per cent, said the federal government should spend more on health care and health transfers to the provinces.