fintech / news / / CBC.ca
It requires all streaming companies with at least $25 million.
The Online Streaming Act requires streamers with $25M+ Canadian revenue to contribute 5% to Canadian content funds.
KEY POINTS
- U.S. streamers' contributions are held up in court because their productions often don't meet Canadian content criteria.
- Canada invokes a CUSMA cultural exemption to justify the Act, but this exposes it to potential trade retaliation.
- Canadian media production volume declined 18.5% in 2023-24, partly due to fewer Canadian content commissions.
- The Act was shaped with input from U.S. streamers, reflecting a political compromise to address their concerns.
COMPANIES
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