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Streaming services will have to finance Canadian content, according to CRTC rules

Streaming services will have to finance Canadian content, according to CRTC rules

The Canadian Radio-television and Telecommunications Commission (CRTC) now requires online streaming services to pay a portion of their revenues to Canada to fund Canadian content.

This contribution is up to 5%. To support the Canadian Broadcasting SystemHe specifies CRTC In a press release.

One million dollars annually”, “text”: “These commitments will enter into force at the beginning of the 2024-2025 broadcast year and will provide new funding estimated at $200 million annually”}}”>These commitments will come into effect at the start of the 2024-2025 broadcast year and will provide an estimated $200 million in new funding annually.pointing to CRTC.

About 60% of these amounts will be allocated to English-language content and 40% to French-language content.

The funding will be allocated to areas where Canada's broadcast system has immediate needs, such as local news, radio and television, French-language content, original content and content created by and for the groups. [minoritaires].

Quote from Excerpt from CRTC press release