Ottawa tells CRTC to change course on increasing streamers’ financial contributions
OTTAWA — Ottawa is directing the CRTC to back down on its recent decision to triple streamers’ financial contributions to Canadian content, and will instead provide $600 million to the sector, Culture Minister Marc Miller said Wednesday.
The decision comes after the Motion Picture Association, the U.S. group representing streamers, called on cabinet to reconsider the current approach and the U.S. ambassador to Canada called for the policy to be rescinded.
The CRTC said in May it would require large streaming services like Netflix to contribute 15 per cent of their Canadian revenues to Canadian content. It made the decision as part of its work to implement the Online Streaming Act.
Asked whether the decision is another concession to the U.S., Prime Minister Mark Carney said Wednesday the government was looking at how much the new policy would cost Canadians.
