Categories: Economy

Challenging the CRTC’s New Regulation: Streaming Giants Fight for Financial Independence from Domestic News Production

In June, the Canadian Radio-television and Telecommunications Commission (CRTC) introduced new regulations that demand major online streaming services contribute 5 percent of their Canadian revenues towards supporting the domestic broadcasting system, including news production. The Motion Picture Association-Canada (MPA-Canada), representing companies such as Netflix and Walt Disney Co, has filed applications in federal court seeking to appeal the rules and request a judicial review.

The CRTC explained that the funding would be used to address critical needs in the broadcasting system, including local news, French-language programming, and Indigenous content. However, the MPA-Canada has criticized the decision, arguing that there is no legal basis for requiring foreign companies to contribute to news production and that the CRTC acted unreasonably.

The regulation was enacted as part of a law aimed at ensuring that online streaming services support Canadian music, stories, and job opportunities. Other streaming platforms represented by MPA-Canada include Paramount, Sony, NBCUniversal, and Warner Bros Discovery.

Overall, global streaming companies are fighting against the requirement to financially support local news, questioning the legal basis and rationale behind the decision.

Samantha Johnson

As a content writer at newscrawled.com, I dive into the depths of information to craft captivating and informative articles. With a passion for storytelling and a knack for research, I bring forth engaging content that resonates with our readers. From breaking news to in-depth features, I strive to deliver content that informs, entertains, and inspires. Join me on this journey through the realms of words and ideas as we explore the world one article at a time.

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Samantha Johnson

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