02:34:03 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 870,357,687
Close 2016-11-24 C$ 57.95
Market Cap C$ 50,437,227,962
Recent Sedar Documents

Post/CP say Shaw, others hear Netflix keen on Cancon

2016-11-25 08:54 ET - In the News

See In the News (C-SJR) Shaw Communications Inc

The Financial Post reports in its Friday edition that Netflix makes "substantial" investments in film and TV productions in Canada and should not face regulation, argues the streaming company in a submission to the Canadian Heritage Ministry. A Canadian Press dispatch to The Globe says that the submission comes two years after Netflix suggested to the CRTC that its service did not fall under the Broadcasting Act since it is not a conventional broadcaster. "We want to continue to invest in content in Canada in the way we have, which means continuing to spend money but not under a system that's similar to the Canadian broadcasters, where there's regulation and paying into the (Canada Media) Fund," Elizabeth Bradley, vice-president of content at Netflix, told CP. "We've been doing significant investments on our own and will continue and honestly (it) will only grow significantly over the next couple of years. But regulation is not helping to encourage that for us." If Netflix was under the Broadcasting Act it would be required to make financial commitments to Canadian content, which some producers feel it should. Broadcasters complain that half the system must contribute to Cancon and half the system does not.

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