Major music companies send letter to Canada’s CRTC, urging it not to regulate streaming as if it were radio
Major music companies send letter to Canada’s CRTC, urging it not to regulate streaming as if it were radio
Streaming services will be required to pay 5% of their Canadian revenue to support local content, including radio stations.
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I don't understand why streaming should support radio ? They should support artists and new artist via taxes though, that makes total sense.
But the radio ..?
Not sure where you're getting that from—this isn't about anyone helping radio stations. The idea is that the government would impose laws and taxes on large streaming services operating in Canada that are somewhat similar to those currently imposed on radio stations in Canada.
Oh ok, I thought I read that a small percentage of those taxes would go to local radio somehow.
The actual relevant source document appears to be this: https://crtc.gc.ca/eng/archive/2024/2024-121.htm. Judging from that, some of the money will go to funds that subsidize the production of local news programs in any medium (including radio), and there's a small amount earmarked for community radio. It's supposed to encourage the stations to create and broadcast content that's beneficial to the general public but not as profitable as what they might otherwise air in its place. If you consider that to be "helping" radio stations, then fine, I concede, but to be honest, the specific details of where the money ends up aren't the major point here, and will probably change over time.
I expect domestic radio stations pay into many of the same funds, although to be honest I've never checked. If we actually had a Canadian-owned streaming service that was willing to produce news programs or one of the other categories the government wants to encourage, they might get some money too. Including some of what's coming from the radio stations, because no one is making an attempt to keep the revenue streams coming from different sources separate . . . and really, why should they? It's extra administrative overhead to no real benefit.
It's fine by me, I misunderstood the 'helping' radio station part so it's irrelevant. Thanks for the clarification!
Because streaming is international while radio is local.
If international sites wanna play their music in Canada, then they should pay for the privilege.
I don't understand why streaming services need to help radio stations. Are radio station sharing their profit as well ?
Under those rules, streaming services that are not Canadian-owned and have more than CAD $25 million (approx. USD $18.5 million) in revenue in Canada annually are required to pay 5% of that revenue into funds that subsidize Canadian content and creators.
Are radio station sharing their profit as well ?
They always have.
And this **isn't ** about streaming services helping radio stations, its about supporting Canadian content creators.