The CRTC announced the plan today, with some concerns raised that the $200-million in extra business costs could trickle down to consumers
Foreign streaming platforms including Netflix and Spotify will together have to pay about $200-million a year to support
A slice of the cash will go to the Canadian Starmaker Fund that helps support the careers of emerging Canadian recording artists who are signed with a major Canadian label or have already sold records. Graham Davies, president and CEO of the Digital Media Association which represents Amazon Music, Apple Music and Spotify, said the music streaming platforms were “deeply concerned with today’s decision to impose a discriminatory tax on music streaming services that are already making significant contributions to Canadian artists and culture.”
Michael Geist, the University of Ottawa’s Canada Research Chair in Internet Law, said in a statement Tuesday that the announcement was “a perfect illustration of a sector that is too often focused on regulatory payments rather than market-based success.” He said the funding formula does not take into account how much foreign streaming services are already investing in Canadian film or TV productions or music.
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