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Quebecor Inc
Symbol QBR
Shares Issued 150,339,859
Close 2026-06-05 C$ 68.00
Market Cap C$ 10,223,110,412
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Globe says BCE told feds to capitulate to Big Tech

2026-06-08 06:54 ET - In the News

See In the News (C-BCE) BCE Inc (2)

The Globe and Mail reports in its Monday edition that Ottawa plans to direct the CRTC 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 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. Ottawa is now preparing to ask the regulator to scrap entirely its 2024 ruling that forced foreign streamers to pay a base contribution of 5 per cent of their Canadian revenues into Canada's cultural industries, including local news. The Canadian Media Producers Association said the interests of Big Tech have prevailed.

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