In June, the CRTC mentioned international streamers like Netflix and Disney Plus should contribute 5 per cent of their annual Canadian revenues to a fund dedicated to producing Canadian content material — a call the businesses are difficult in Federal Court docket.
World platforms difficult choice ordering them to pay 5% of Canadian revenues
The Federal Court docket of Attraction says large streaming firms will not need to pay for Canadian content material till it hears their attraction of a CRTC decision ordering them to pay.
In June, the Canadian Radio-television and Telecommunications Commission mentioned international streamers should contribute 5 per cent of their annual Canadian revenues to a fund dedicated to producing home content material, together with native TV and radio information.
Massive international streamers like Netflix and Disney Plus launched courtroom challenges of that order, which the regulator made underneath the On-line Streaming Act.
Earlier this month, the Federal Court docket of Attraction agreed to listen to the case.
A choose mentioned Monday the streamers will not need to make the funds, estimated to be at the least $1.25 million every yearly, till that courtroom course of performs out.
The events have agreed to an expedited schedule, which means the courtroom listening to would happen in June earlier than the majority of the cash is due in August.
Source link