The Canadian government has ordered regulators to revisit controversial online streaming regulations that would have required major foreign streaming platforms such as Netflix and Disney+ to significantly increase their contributions to Canadian content production.

The original proposal from the Canadian Radio-television and Telecommunications Commission (CRTC) would have increased contribution requirements from 5% to 15% of Canadian revenue for certain streaming services.

The policy was intended to support local programming, including French-language and Indigenous content.

However, concerns emerged about the potential impact on consumer prices and trade relations with the United States.

Culture Minister Marc Miller said affordability concerns and broader economic considerations played a role in the government’s decision to review the policy.

The move comes as Canada seeks to manage ongoing trade discussions with the United States while balancing support for its domestic media industry.

The government has also pledged additional support for Canadian broadcasting and music sectors as the review proceeds.

Source: Wall Street Journal