Canada Broadcast Act Update Would Require & Codify Big Streamers’ Investment In Local Content

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Canada has proposed an amendment to its national Broadcasting Act to require streaming services from Netflix and Disney+ to Amazon and Spotify to invest a portion of revenue in local production

, Minister of Canadian Heritage, tabled the bill yesterday. It establishes a new class of players called “online undertakings” including U.S.-based streaming platforms operating in the country that would be required to contribute to the local industry alongside Canadian broadcasters, which are already required to do so under current broadcast law.

“We all have a role to play in supporting the future of film and television created in Canada. We are reviewing the legislation and remain committed to being a good partner to Canada’s creative community while also investing in local economies.” “We’re not asking these companies to do things they’re not already doing,” Guilbeault told the CBC. “They are investing in Canada. What we’re doing is putting a regulatory framework on how those investments should be made in light of things we’re already asking from Canadian broadcasters.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good idea

Uhuuuu

renewannewithane

Yup. Can-con is a beautiful thing.

WTF Half of what I watch is produced in Canada. They want more? Earn it. It sounds like they are prepping to make it harder to film in Canada and want a law to fixt that.

damn Canada, you tryna get back together or wut

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in BUSİNESS

Business Business Latest News, Business Business Headlines