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

Female sexually assaulted and unlawfully confined inside an apartment suite in New Westminster

After the caller provided a description of her surroundings patrol officers arrived on scene and confirmed she was being held inside an apartment unit on Hospital Street against her will. The victim attempted to climb over a balcony, however she was pulled back inside by the suspect.

Female sexually assaulted and unlawfully confined inside an apartment suite in New Westminster

Economy, affordability focus for Liberal cabinet

The cabinet is holding the first full day of meetings at its annual retreat before the fall sitting of Parliament. Canadians have growing concerns about the cost of everything from food to fuel, and the Liberals are facing an opposition party that's likely to elect a new leader who is making the government's response to inflation his main target.

Economy, affordability focus for Liberal cabinet

B.C. general workers reach tentative contract

The B.C. General Employees Union says in a statement the proposed deal with B.C.'s Public Service Agency was reached after almost two weeks of limited job action and more than seven months of negotiations. The union suspended its job action last week as its bargaining committee returned to negotiations in what it said was "a sign of good faith."

B.C. general workers reach tentative contract

Bank of Canada increases interest rate to 3.25%

The rate hike was in line with what many economists were expecting and brings the bank’s key rate target to 3.25 per cent. In the rate announcement, the Bank of Canada says global inflation remains high because of global supply chain disruptions, the effects of COVID-19 and the war in Ukraine.

Bank of Canada increases interest rate to 3.25%

Saskatchewan stabbing suspect has lengthy record, attack left 10 people dead and 18 injured

RCMP have not said what motivated the attacks on Sunday that left 10 people dead and 18 injured on the James Smith Cree Nation and nearby village of Weldon, northeast of Saskatoon. Police believe some victims were targeted but others were chosen at random.

Saskatchewan stabbing suspect has lengthy record, attack left 10 people dead and 18 injured

Teen couple faces charges in Labour Day stabbing

VPD officers were called to the Hornby Street SRO around 8 a.m. yesterday, after the 25-year-old victim walked inside with multiple stab wounds. While some officers tended to the victim’s injuries, others set out to locate the suspects, who had fled the crime scene.