CRTC Mandates 5% Revenue Contribution from Streaming Giants for Local Content

New regulation aims to boost funding for Canadian and Indigenous broadcasting, starting September 2024

Streaming services must allocate 5% of Canadian revenues to local content production.
The measure is expected to generate approximately $200 million annually.
Funds will support Indigenous, French-language, and diverse community content.
The ruling affects services with over $25 million in Canadian revenues not affiliated with local broadcasters.
Industry reactions are mixed, with content creators supportive and major studios critical.