Canada's New Streaming Revenue Rule: A Boost for Local Broadcasting

Online streaming services in Canada must now allocate 5% of their revenues to support local and aboriginal broadcasting. The Canadian Radio-television and Telecommunications Commission estimates this will generate approximately C$200 million annually, enhancing the domestic broadcasting system.

Online streaming services operating in Canada will be required to contribute 5% of their Canadian revenues to support the domestic broadcasting system, the country's telecoms regulator said on Tuesday. In a briefing, officials from the Canadian Radio-television and Telecommunications Commission said the money would be used to boost funding for local and aboriginal broadcasting. The measure would raise roughly C$200 million a year, they said.

(Reuters Ottawa bureau) (