American streaming platforms have been ordered to direct 5 percent of their Canadian revenues into local content production.
The ruling from the CRTC, the country’s TV and telecoms regulator, follows Canada’s Bill C-11, or Online Streaming Act, coming into law in 2023 as it imposed first-time rules and regulations on foreign streaming platforms like Netflix, Spotify and Disney+ operating north of the border.
The foreign digital platform revenues will go to a range of public and private funds for investment in Canadian and indigenous content. That includes the Canada Media Fund, the Black Screen Office Fund and the Indigenous Screen Office Fund.
