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Media companies ask Canadian court to block news funding law

Y2kTheNewOldies

Y2kTheNewOldies

thedesk.net

Streaming services ask Canadian judge to block rule requiring local news funding

A consortium of streaming companies have filed a legal challenge to a forthcoming rule that requires them to set aside some of their revenue to help fund Canadian local news and content.
thedesk.net thedesk.net

The companies named in the lawsuit are Disney, Netflix, WB, Sony and Paramount
A consortium of American streaming companies have petitioned a Canadian court to block a forthcoming law that would require them to set aside 5 percent of their domestic revenue in order to fund local news initiatives.

This week, the Motion Picture Association of Canada (MPA Canada) said in a court filing that the regulation imposed by the Canadian Radio-Television and Telecommunications Commission (CRTC) — that country’s version of the Federal Communications Commission — exceeded its authority when it said streaming services had to help local broadcast news outlets and other content there.
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