Mandatory CanCon contribution could prompt investment cuts, Spotify tells CRTC
BNN Bloomberg
Audio streaming platform Spotify says that requiring it to make a contribution aimed at supporting Canadian content could force the company to cut its existing investments in order to maintain its financial viability.
Audio streaming platform Spotify says that requiring it to make a contribution aimed at supporting Canadian content could force the company to cut its existing investments in order to maintain its financial viability.
As the CRTC continues its process of determining how to implement the federal Online Streaming Act, which received royal assent in April, representatives from the Sweden-based company told panellists at a hearing Wednesday that Canada is now in a unique position.
The legislation, formerly known as Bill C-11, is meant to update federal law to require digital platforms to contribute to and promote Canadian and Indigenous content.
