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Globe says CRTC giving streamers like Netflix a break

2025-05-15 07:31 ET - In the News

See In the News (C-NFLX) Netflix CDR (CAD Hedged)

The Globe and Mail reports in its Thursday, May 15, edition that over the past 10 years the Canadian Radio-Television and Telecommunications Commission, which is responsible for ensuring the health of the Canadian broadcasting system, has failed. The Globe's guest columnist Richard Stursberg writes that the big private Canadian TV networks, which are the bedrock of local and national TV news, as well as Canadian drama and public-affairs productions, have been losing money -- more and more every year. Cable TV is losing subscribers due to the entry of American-owned streaming services -- such as Netflix, Amazon Prime Video, Apple TV+ and Disney+ -- into the Canadian broadcasting market. The CRTC has been aware that these services have been operating in Canada for over 12 years. Despite the Broadcasting Act's requirement that all broadcasters be Canadian-owned and produce Canadian shows, the CRTC has allowed these American streamers to function without any regulation. They do not face the same obligations as Canadian-owned broadcasters when it comes to providing Canadian news and entertainment. The CRTC has known about this situation for over a decade, yet it has taken little to no action to address it.

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