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Meta CDR (CAD Hedged)
Symbol META
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Close 2026-06-02 C$ 31.93
Market Cap C$ 747,162,000
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Globe says Netflix, others hear CRTC gets right

2026-06-03 08:50 ET - In the News

See In the News (C-NFLX) Netflix CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday edition that the CRTC's recent decision on funding for domestic programming gets it right. Guest columnist Brad Danks writes that requiring on-line streamers to use 15 per cent of their Canadian revenue to support domestic programming, applicable to those with annual revenue of $25-million or more, is the lowest credible amount the CRTC could have set. In France, it is 20 per cent; in Australia, 7.5 per cent or 10 per cent of local programming expenditures; and across the European Union, similar contribution levels are becoming standard. The move will lead to more Canadian productions and jobs. Since the wide adoption of cable more than 50 years ago, the broadcasting system operated within a technologically sealed walled garden, where Canadian broadcasters held a monopoly on distribution. That system worked until Netflix's arrival in 2010. Some Canadian services already create their own opportunities. Media companies such as Blue Ant, WildBrain, Gusto TV, APTN, Anthem TV, Stingray and OUTtv are building streaming businesses that capitalize on the worldwide explosion in distribution. After more than 50 years of focusing inward, it's time for Canada to also look outward.

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