Close X
Monday, October 28, 2024
ADVT 
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 must now pay into fund for Canadian news, content

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.

MORE National ARTICLES

Interest rate hikes may halt economic growth: PBO

Interest rate hikes may halt economic growth: PBO
In that scenario, the Canadian economy would contract by 0.3 per cent in 2023 and grow by 1.3 per cent in 2024. The PBO says this analysis represents only one of many possible scenarios that could play out in the Canadian economy.   

Interest rate hikes may halt economic growth: PBO

Canada's immigration backlog drops to 2.4 mn people

Canada's immigration backlog drops to 2.4 mn people
The data showed a large reduction in the backlog of temporary residence applications while the permanent residence backlog registered a slight increase. The permanent residence inventory stood at 506,421 people as of November 3, compared to 505,562 as of October 3. 

Canada's immigration backlog drops to 2.4 mn people

Tam warns of flu upswing, COVID variant 'growth'

Tam warns of flu upswing, COVID variant 'growth'
Chief public health officer Dr. Theresa Tam said Thursday in a virtual update that the triple threat of all three viruses is posing a challenge for the health system in several parts of the country and points to the need for "stepped up precautions."

Tam warns of flu upswing, COVID variant 'growth'

Man who killed girlfriend, toddler to be sentenced

Man who killed girlfriend, toddler to be sentenced
Robert Leeming, who is 37, pleaded guilty to the second-degree murder of Jasmine Lovett, but not guilty in the death of 22-month-old Aliyah Sanderson. He was convicted earlier this year of second-degree murder in the child's death.

Man who killed girlfriend, toddler to be sentenced

B.C. group seeks better use of flood recovery fund

B.C. group seeks better use of flood recovery fund
The federal government provided the fund last December, just weeks after an intense rainstorm washed away highways, swelled area rivers and overwhelmed dikes in the low-lying Fraser Valley, inundating key agricultural land around Abbotsford.

B.C. group seeks better use of flood recovery fund

Indo-Pacific strategy warns against China

Indo-Pacific strategy warns against China
"We will challenge China when we ought to, and we will co-operate with China when we must," Joly said in a Wednesday morning speech, adding that Canada will seek deeper ties with more democratic, reliable countries such as India.  

Indo-Pacific strategy warns against China