Canada Scraps Levy on Netflix and Disney, Replaces Fees With Direct Government Funding
The Canadian government is withdrawing a proposed levy on major streaming services, including Netflix and Disney, that would have required the companies to pay more into a domestic content fund. A letter to the Federal Court of Appeal outlines the policy change, which eliminates a base contribution requirement and replaces the scrapped charges with direct government funding.
The policy pivot follows pushback from United States officials and major Hollywood studios regarding the proposed fees. The government will instead support the sector through direct fiscal injections rather than mandatory entertainment company contributions.
From the sources (2 posts)
@firstsquawkCANADA TO SCRAP PLAN FORCING NETFLIX, DISNEY TO PAY MORE, WITH CARNEY GOVERNMENT MOVING TO ELIMINATE 'BASE CONTRIBUTION REQUIREMENT' ON STREAMERS AND REPLACE IT WITH GOVERNMENT FUNDING, PER LETTER TO FEDERAL COURT OF APPEAL — WIRE REPORT
@businessCanada plans to scrap a levy on entertainment companies including Netflix and Disney, according to a court filing, after pushback from US officials and Hollywood studios