FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo
OTTAWA (Reuters) - Major online streaming services operating in Canada will be required to contribute 5% of their Canadian revenues to support the domestic broadcasting system, the country's telecoms regulator said on Tuesday.
The Canadian Radio-television and Telecommunications Commission (CRTC) said the money would be used to boost funding for local and aboriginal broadcasting. The measure would raise roughly C$200 million ($146 million) a year, they said.
