Canada to Force Netflix, Amazon Prime to Pay for Local Content
Canada Mulls Streaming Subsidies for Local Content:
Canada's federal government "has unveiled long-awaited legislation to regulate U.S. streamers like Netflix and Disney+ and force them to pay for the production of Canadian film, TV and music product," according to Etan Vlessing of The Hollywood Reporter. The proposed amendments to the country's Federal Broadcasting Act "could result in online broadcasters being required to invest more than $800 million in local content creators," paralleling laws that require U.S. broadcasters and cable services to invest as much as 45% of their Canadian revenue in local content. "We're asking these large and wealthy companies to invest in Canadian stories, in Canadian music, in Canadian artists," said Steven Guilbeault, the nation's heritage minister.