Ottawa Outlines Details of $600M for CanCon in Latest Budget
The federal government has released details of how its promised $600 million for Canadian content will be spent—though it says the amount it will provide in future years could vary. In June, the government said it would provide $600 million in annual funding to replace financial contributions from big streamers like Netflix, which were mandated by the CRTC under the Online Streaming Act. Ottawa said it would issue a new policy direction to the CRTC, which has yet to be released. On Monday, a government spokesperson said the funding will be annual, though the amount could vary because the CRTC could still impose some level of financial contribution on streamers.
The federal government has detailed the allocation of its $600 million in promised funding for Canadian content. This annual funding is intended to substitute financial contributions previously mandated from large streaming services by the CRTC under the Online Streaming Act. While the funding is planned to be annual, the specific amount may vary in future years due to potential ongoing financial contributions from streamers as determined by the CRTC.
- The federal government has released details on how its $600 million for Canadian content will be spent.
- This funding is intended to replace contributions from big streamers like Netflix, mandated by the CRTC.
- The annual funding amount may vary in future years.
- A new policy direction from Ottawa to the CRTC is forthcoming.
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