New CRTC regulations requiring online streaming services to pay their “fair share” may help to foster Canadian screen production says a local tech blogger.
Starting in September, online streaming services based outside of Canada – like Netflix and Disney+ – must contribute 5 per cent of their Canadian revenue to support the Canadian broadcasting system. The change is expected to generate approximately $200 million per year to local broadcasting.
Tech blogger Kevin Andrews believes the funding could bring more Canadian stories on screen, but warns, there could also be an added cost to subscribers.
He says it will be interesting to see what the regulation leads to. While it could possibility foster the local production, there are also drawbacks when it comes to pricing and content variety, says Andrew.