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Canadian court suspends streaming giants' requirement to fund Canadian content, pending appeal.
The Federal Court of Appeal in Canada has suspended the requirement for streaming giants like Netflix and Disney Plus to pay into a fund for Canadian content, pending an appeal of a CRTC decision.
The CRTC had mandated a 5% contribution of their annual Canadian revenues, but the court agreed to hear the case, putting the payments on hold until June, before the money is due in August.
The estimated annual payments are around $1.25 million per company.
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La corte canadiense suspende el requisito de los gigantes de streaming para financiar el contenido canadiense, pendiente de apelación.