CRTC triples TV streaming CanCon contributions to 15%
The CRTC has increased the contribution requirement for TV streaming services to 15% of their Canadian revenues, designated for Canadian content. A decision on a similar 'streaming tax' for music streaming platforms is expected "forthcoming." This regulatory change aims to ensure foreign streaming services contribute to Canadian content creation, aligning with the Online Streaming Act.
Key Takeaways
- TV streaming services must contribute 15% of their Canadian revenues to Canadian content, up from a lower rate.
- The CRTC says a decision on the Consultation on Canadian music streaming services is “forthcoming.”
- The policy targets foreign streaming services under the Online Streaming Act.
Why It Matters
The immediate effect is a higher mandatory contribution burden for TV streaming services operating in Canada, with 15% of Canadian revenues now earmarked for Canadian content. The broader signal is that the CRTC is using the Online Streaming Act to press foreign streaming services for direct support of Canadian content, and music platforms are next in line. The concrete signal to watch is the CRTC’s forthcoming decision on the Consultation on Canadian music streaming services.
Read full article at ca.billboard.com