Canada orders Netflix, streamers to spend 15% on local content |
Canada has ordered Netflix, Amazon, Disney and other global streaming giants to spend 15% of their annual Canadian revenues on local content, tripling the previous requirement in a move that has reignited a brewing trade dispute with the United States.
The previous contribution floor for online streamers was just 5%. Traditional broadcasters now face a reduced obligation of 25%, down from a range of 30–45%.
Canada's broadcast regulator, the Canadian Radio-television and Telecommunications Commission (CRTC), announced the regulations under the Online........