The Federal government is calling on the Canadian Radio-Television and Telecommunications Commission (CRTC) to review its recent decision to hike streamers' financial contributions to Canadian content.
Last month, the CRTC announced new requirements for large foreign streaming services and Canadian broadcasters to spend part of their Canadian revenue on acquiring or producing Canadian programming.
"The CRTC's new requirements would impose new costs on the companies providing these services, which could ultimately fall on Canadian consumers through higher prices," a statement said.
Instead, the government will develop new policy directions to adjust the implementation of the Online Streaming Act, it said.
Ottawa has set aside $600 million to support the audio and audiovisual sectors. Details will be announced after consultation with the sector. Once the new CRTC rules are finalized, the level of government investment will be adjusted as appropriate, it said.
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