CMF welcomes new contribution requirements for streaming services
Toronto, June 4, 2024 – The Canada Media Fund (CMF) welcomes the decision issued today by the Canadian Radio-television and Telecommunications Commission (CRTC) that establishes new contributions by streaming services to Indigenous and Canadian content creation. Taking effect in September 2024, the CRTC will require streaming services to contribute up to five per cent of the revenues they generate in Canada back into the Canadian audiovisual sector through production funds.
“This decision is a win for Indigenous and Canadian creators, as well as the many domestic and international streaming services that are now formally part of the Canadian broadcasting ecosystem,” says Valerie Creighton, President and CEO, CMF. “Streamers have often stated that they believe in the importance of investing in our stories and bringing those stories to the world. Today’s decision provides a framework to ensure these investments serve the interests of creators and audiences alike.”
The decision follows a year-long consultation process that culminated in a three-week in-person hearing in late 2023. In our appearance before the Commission on the first day of this hearing, the CMF’s leadership team highlighted the importance of prompt, stable, and robust additional funding for the system through the CMF.
“I want to thank Chairperson Eatrides, the Vice-Chairs, and Commissioners for their thorough approach in implementing their staged Regulatory Plan,” adds Valerie Creighton. “The CMF is reviewing the decision and weighing its potential impacts. We will collaborate with the government, the regulator, other federal institutions, and the industry as a whole to ensure a bright future for Indigenous and Canadian stories.”
About the Canada Media Fund
The Canada Media Fund (CMF) fosters, develops, finances, and promotes the production of Canadian content and applications for all audiovisual media platforms. The CMF guides Canadian content towards a competitive global environment by fostering industry innovation, rewarding success, enabling a diversity of voice, and promoting access to content through public and private sector partnerships. The CMF receives financial contributions from the Government of Canada and Canada’s cable, satellite, and IPTV distributors. Visit our website for more information.
Media Contact
Maxime Ruel
Senior Manager, Communications – Canada Media Fund
[email protected]
