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.
Oh no, don't tax the megacorps, that's mean CRTC, how could you?
Does the CRTC do anything to help Canada at this point? They've allowed all telecoms/media to be merged down to 2 and a half entities. They've allowed cell and internet service prices to be the highest in the western world. They've forced CanCon rules that subsidize media monopolies while driving viewers to non-Canadian platforms. And now they are going to drive other services out of Canada at the request of those same media monopolies.
Awww those poor poor billion dollar corporations.... So sad.... /s
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.
Under that plan, 1.5% of music streamers’ revenue would go towards subsidies for local radio stations.
Lol, yea, pay your fucking taxes, grifters.
Unfortunately, that 5% fee means Spotify prices are going up 10%
Dont hurt me profit!!!!
I can't believe you would stab me right in the profits!
The letter argued that Canada’s radio regulations were designed to address the problems created by its vast geography, its “linguistic duality” (English and French), and the fact that space on analog radio is limited, making decisions about what gets broadcast necessary.
Citation needed DiMA. Way to try framing the issue to look in your favour.
Instead of those "issues" we now have locked down apps and opaque algorithms that reduce user control.
To be fair I have found some good stuff through the recommendations, but I also don't know how often they try to boost certain artists because of back room deals. Companies need regulations to keep them slightly honest.
I'm for it as long as they don't force Canadian content on users in Canada. I'm all for supporting Canadian artists, but radio in particular is fucking awful bc all they play is rush and metric ad nauseum to meet their content requirements
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.