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Online Streaming Services In Canada Must Hand Over 5% of Domestic Revenues
An anonymous reader quotes a report from CBC News: Online streaming services operating in Canada will be required to contribute five percent of their Canadian revenues to support the domestic broadcasting system, the country's telecoms regulator said on Tuesday. The money will be used to boost fundi...
An anonymous reader quotes a report from CBC News: Online streaming services operating in Canada will be required to contribute five percent of their Canadian revenues to support the domestic broadcasting system, the country's telecoms regulator said on Tuesday. "Today's decision will help ensure that online streaming services make meaningful contributions to Canadian and Indigenous content," wrote CRTC chief executive and chair Vicky Eatrides in a statement. We are assessing the decision in full, but this onerous and inflexible financial levy will be harmful to consumer choice," a spokesperson for Prime Video wrote to CBC News in a statement.
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