Streaming Giants Challenge Canada's 5% Revenue Levy for Local News

Netflix, Disney, and others argue the mandate exceeds regulatory authority and could lead to higher consumer costs.

The Motion Picture Association-Canada has filed a lawsuit to halt the CRTC's proposed tax on streaming revenue.
The regulation requires global streamers to allocate 5% of their Canadian revenue to support local news and other content.
Streaming companies claim they already contribute significantly to the Canadian economy through local production.
The tax is expected to generate approximately 200 million Canadian dollars annually for the Canadian broadcasting system.
Streamers argue the mandate could expose proprietary financial information and is discriminatory.