CRTC requires major streamers to fund Canadian content

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Large online streaming services must give 15% of their Canadian income. This money will help create new Canadian TV shows and movies.

This new amount is much higher than the old 5% rule. Some big global companies do not like this new government decision.

The CRTC made this decision for a new streaming law. The United States sees this as a potential trade problem.

Older TV companies will now pay less, about 25% of their money. This change will bring over $2 billion for local stories and news.

The CRTC also shared rules on how the money must be spent. Big streamers must work with Canadian content makers and producers.

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What percentage of their Canadian income must large online streaming services give?

They must give 15% of their Canadian income.

What will the money from streaming services help create?

It will help create new Canadian TV shows and movies.

How much will older TV companies now pay?

Older TV companies will now pay about 25% of their money.

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