In June, the CRTC said foreign broadcasters like Netflix and Disney Plus must donate five per cent of their annual revenues in Canada to a fund dedicated to producing Canadian content; The companies are appealing this decision in the Federal Court.
Global platforms appeal decision ordering them to pay 5% of Canadian revenues
The Federal Court of Appeal says major streaming companies will not have to pay for Canadian content until it hears their appeal of a CRTC decision ordering them to pay.
In June, Canadian Radio-television and Telecommunications Commission He said foreign broadcasters must donate five per cent of their annual revenue in Canada to a fund dedicated to producing domestic content, including local TV and radio news.
Major global broadcasters such as Netflix and Disney Plus have begun filing lawsuits against the regulator's decision under the Online Broadcasting Act.
Earlier this month, the Federal Court of Appeals agreed to hear the case.
Broadcasters won't have to make payments estimated at at least $1.25 million annually until the court case is concluded, a judge said Monday.
The parties agreed to an expedited schedule, meaning the court hearing will be held in June before the bulk of the money is paid in August.
