Major music companies send letter to Canada’s CRTC, urging it not to regulate streaming as if it were radio - Music Business Worldwide
www.musicbusinessworldwide.com
Streaming services will be required to pay 5% of their Canadian revenue to support local content, including radio stations.
  • Smk@lemmy.ca
    01·
    3 months ago

    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 …?

    • girlfreddy@lemmy.ca
      0·
      3 months ago

      Because streaming is international while radio is local.

      If international sites wanna play their music in Canada, then they should pay for the privilege.

      • Smk@lemmy.ca
        01·
        3 months ago

        I don’t understand why streaming services need to help radio stations. Are radio station sharing their profit as well ?

        • girlfreddy@lemmy.ca
          1·
          3 months ago

          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.