Canada Backs Off Plan to Force Netflix, Disney to Spend More

Canadian Identity Minister Marc Miller announced a review on the CRTC’s recent ruling requiring streaming services to invest 15% of its revenues into Canadian content, up from 5% when the Online Streaming Act was first passed. “The CRTC’s new requirements would impose new costs on the companies providing these services, which could ultimately fall on Canadian consumers through higher prices,” the government said in a news release. “At a time when Canadians face cost-of-living pressure, now is not the time to make culture and entertainment more expensive.” The Canadian Media Producers Association said it was “concerned that the federal government has sold out Canadian culture in favour of big U.S. tech interests.”

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