Carney Government Reverses 15% Streaming Levy to Ease US Trade Tensions
Updated
Updated · Bloomberg · Jun 3
Carney Government Reverses 15% Streaming Levy to Ease US Trade Tensions
2 articles · Updated · Bloomberg · Jun 3
Summary
Canada dropped a plan that would have required Netflix, Disney and other major streamers to direct 15% of their Canadian revenue to local content.
Mark Carney’s government made the reversal to defuse trade friction with the United States, which had objected to the proposed streaming-content funding rule.
The retreat marks an early regulatory concession by Carney as Ottawa weighs cultural-policy goals against broader economic ties with its largest trading partner.