Feds Propose Changes to Broadcasting Act That May Raise $800 Million From Streamers

Feds Propose Changes to Broadcasting Act That May Raise $800 Million From Streamers
Minister of Canadian Heritage Steven Guilbeault watches a speaker via videoconference during a news conference in Ottawa on April 17, 2020. Adrian Wyld/The Canadian Press
The Canadian Press
Updated:

Online platforms like Netflix and Spotify may end up spending more than $800 million on Canadian content over the next three years under a series of policy changes the federal government has proposed in a new bill Tuesday.

The proposed changes to the Broadcasting Act are meant to ensure online streaming platforms experiencing booming revenues face as stringent regulations as traditional broadcasters, which have seen profits decline in recent years.