The CRTC said in June that foreign streamers such as Netflix and Disney+ must contribute 5% of their annual Canadian revenue to a fund dedicated to Canadian content production, but the companies are facing a federal court ruling over the decision. is filing an objection.
Global platform to challenge Canadian decision to pay 5% of revenue
The Federal Court of Appeal has said major streaming companies won’t have to pay for Canadian content until it hears an appeal of a CRTC ruling that ordered them to pay.
In June, Canadian Radio-television and Telecommunications Commission It said foreign streamers must contribute 5 per cent of their annual Canadian revenue to a fund that goes toward producing domestic content, including local TV and radio news.
Major global streamers like Netflix and Disney Plus challenged this order, made by the regulator under the Online Streaming Act, in court.
Earlier this month, a federal appeals court agreed to hear the case.
A judge said Monday that the streamer will not have to pay payments, estimated to be at least $1.25 million a year, until the court process is complete.
The parties agreed to an expedited schedule with a court hearing in June before the bulk of the funds are disbursed in August.
