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Netflix CDR (CAD Hedged)
Symbol NFLX
Shares Issued 2,100,000
Close 2023-10-26 C$ 16.04
Market Cap C$ 33,684,000
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Globe says Netflix, rivals see Ottawa instruct CRTC

2023-10-27 07:31 ET - In the News

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The Globe and Mail reports in its Friday, Oct. 27, edition that Ottawa is telling the Canadian Radio-Television and Telecommunications Commission not to regulate personal podcasts as part of the Online Streaming Act, after fears were raised they would be brought within the scope of the legislation. The Globe's Marie Woolf writes that the Heritage Department posted documents about directions it plans to issue to the CRTC, saying that podcasts, like posts by individual social-media creators, should not be regulated. Its intervention follows a flurry of criticism after the CRTC said bodies that carry or transmit podcasts qualify as a broadcaster for regulation and would have to register with the commission under the Online Streaming Act, also known as Bill C-11. The legislation modernizes Canada's broadcast laws, making platforms such as Netflix, Prime Video, Spotify and YouTube do more to promote Canadian content, including music and film, and contribute financially to its creation. The CRTC is in charge of regulating the act, and on Thursday, the government posted hundreds of responses to its proposed ministerial direction to the regulator that will instruct it on how the act should be interpreted.

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