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Globe says Amazon hears CRTC to scrap Streaming Act

2026-06-08 04:02 ET - In the News

See In the News (C-AMZN) Amazon.com CDR (CAD Hedged)

The Globe and Mail reports in its Monday edition that Ottawa plans to direct the Canadian Radio-television and Telecommunications Commission to eliminate requirements for foreign streaming platforms to fund local news and niche broadcasters. The Globe's Marie Woolf writes that Ottawa aims to have the CRTC reverse key decisions from the controversial Online Streaming Act. In 2023, legislation was enacted requiring foreign companies that stream content to financially contribute to Canada's cultural industries, similar to traditional broadcasters. However, this law has caused tension with the Trump administration due to the financial burden it places on American companies like Netflix and Amazon, prompting Ottawa to consider easing those demands. Last week, Ottawa initially directed the regulator to review its recent ruling requiring streaming giants to triple to 15 per cent the proportion of Canadian revenues they must inject into Canada's cultural sector under the act. Two sources say Ottawa is now preparing to ask the regulator to scrap entirely its initial 2024 ruling forcing foreign streamers to pay a base contribution of 5 per cent of their Canadian revenues into Canada's cultural industries, including local news.

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