Canada calls for 5% of income from Netflix, Spotify, and different streamers

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Canada has ordered giant on-line streaming providers to pay 5 p.c of their Canadian income to the federal government in a program anticipated to lift $200 million per 12 months to assist native information and different home-grown content material. The Canadian Radio-television and Telecommunications Fee (CRTC) introduced its choice yesterday after a public remark interval.

“Primarily based on the general public report, the CRTC is requiring on-line streaming providers to contribute 5 p.c of their Canadian revenues to assist the Canadian broadcasting system. These obligations will begin within the 2024–2025 broadcast 12 months and can present an estimated $200 million per 12 months in new funding,” the regulator mentioned.

The charges apply to each video and music streaming providers. The CRTC imposed the principles regardless of opposition from Amazon, Apple, Disney, Google, Netflix, Paramount, and Spotify.