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 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.