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Netflix CDR (CAD Hedged)
Symbol NFLX
Shares Issued 2,050,000
Close 2023-11-03 C$ 17.17
Market Cap C$ 35,198,500
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Globe says Netflix, others may not play ball with CRTC

2023-11-06 08:13 ET - In the News

Also In the News (C-DIS) Walt Disney CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Nov. 6, edition that the fundamental weakness in Canada's Online Streaming Act will be exposed for all to see on Nov. 20, when the Canadian Radio-television and Telecommunications Commission comes face-to-face with American streaming companies. The Globe's guest columnist Peter Menzies writes that for the first time, the CRTC will be dealing with companies that, if they do not like the rules, are free to leave the country. To be clear, neither Netflix, Disney+ nor any other company has suggested they are prepared to quit Canada. However, there is nothing that compels them from continuing here if CRTC decisions make it no longer sensible for them to do so. That shapes the conversation in a way that the CRTC is not accustomed to. Throughout its history, the primary players in CRTC procedures, like BCE, Telus and others, have always been captives of "the system." They may not like the CRTC rules, but they have to live with them. Not so when it comes to global streamers. Netflix's base here is robust, but that is just 10 per cent of its U.S. audience and only 2.8 per cent of its global subscriber base.

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