Global streaming services such as Netflix and Disney Plus are challenging a regulatory directive under the Online Streaming Act to contribute money to...
Global streaming services such as Netflix and Disney Plus are challenging a regulatory directive under the Online Streaming Act to contribute money to Canada 's broadcast sector, including for local news .
The CRTC said streaming companies that are not affiliated with a Canadian broadcaster – and that make at least $25 million in Canadian revenue – would be required to pay into the fund, which is expected to inject about $200 million into the system every year.
The CRTC's move is meant to level the regulatory playing field between tech giants and cable companies, but a spokesperson for MPA-Canada said requiring global entertainment streaming services to pay for local news "is a discriminatory measure that goes far beyond what Parliament intended.
"The approach taken is backward-looking and bad public policy from the current government of Canada, and fails to acknowledge streaming's existing contributions to music production," the association wrote in a statement that urges the CRTC to rethink its implementation of the Online Streaming Act. -- Nvidia Corp.’s breakneck rally since the start of last year has finally run out of room to push higher, according to New Street Research analyst Pierre Ferragu.
Donald Trump rushed to distance himself from the Republicans’ highly controversial Project 2025 Friday, calling parts of it “ridiculous and abysmal.”The ex-president used his Truth Social platform to disavow the platform, drawn up by the Heritage Foundation, which offers a 900-page preview of how the most powerful think-tank in the conservative movement wants him to govern.
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