We follow high standards of editorial integrity on this website to help you make informed decisions. This article may include links to services and products from our partners. We may receive compensation when you sign up, at no cost to you. It does not change our unbiased reviews, evaluations or advice. Please take a look at our disclosure.

Telus urges support for broadcast distributors as CRTC hearing set to wrap up

SHARE:

Daily news image from my rate compass
Reading Time: < 1 minute

GATINEAU, Que. — Telus Corp. says that in a “dramatically” changing broadcasting landscape, the CRTC should make changes to the regulatory framework to account for subscribers and revenues shifting from the traditional system to foreign streaming services.

The company’s comments to the commission came Thursday, which marked the penultimate day of the CRTC’s three-week hearing held in response to the Online Streaming Act.

The law, which received royal assent in April, is meant to update federal legislation to require digital platforms such as Netflix, YouTube and TikTok to contribute to and promote Canadian content.

It has prompted the regulator to explore whether streaming services should be asked to make an initial contribution to the Canadian content system to help level the playing field for domestic companies already required to support Canadian content.

Telus says that as a first step, foreign streamers should be required to contribute three per cent of annual Canadian revenues to the system, while also urging the regulator to lower the current mandated contribution level of five per cent for traditional broadcast distributors.

Telus’ position was generally aligned with that of its Canadian broadcast competitors, while streamers that presented to the CRTC panel throughout its consultation have largely urged the regulator to hold off on imposing such contributions.

This report by The Canadian Press was first published Dec. 7, 2023.

Companies in this story: (TSX:T)

Author Bio

User
The Canadian Press

The Canadian Press is Canada’s independent national news agency that informs Canadians, providing depth, breadth and perspective with regional, national and international news 24/7/365.

Offers

Credit Card Deals

Tangerine World Mastercard® Review
Apply for a Tangerine World Mastercard® by April 30, 2024 and earn an extra 10% back* (up to $100)
Ends Apr 30, 2024
Tangerine Money-Back Credit Card Review
Apply for a Tangerine Money-Back Credit Card by April 30, 2024 and earn an extra 10% back (up to $100)
Ends Apr 30, 2024
Simplii Financial™ Cash Back Visa* Card Review
For your first 4 months, enjoy 10% bonus cash back‡ at restaurants and bars up to $500 spend. Get 4% cash back after that.
Ends Feb 29, 2024
Neo Card Review
Get $25 cash back when you sign up for the Neo Credit Mastercard.
Neo CardTM (Secured) Review
$25 welcome bonus for new cardholders