The Globe and Mail reports in its Friday, Dec. 1, edition that Netflix says the Canadian Radio-television and Telecommunications Commission should recognize the role it already plays in helping finance Canada's broadcasting industry and reject calls to mandate an additional payment from the company. A Canadian Press dispatch to The Globe reports that if, however, the CRTC does move ahead with requiring foreign streamers to contribute money to the Canadian content system, Netflix said that burden should be no more than 2 per cent of annual revenues, in line with other jurisdictions. Netflix appeared Thursday at a hearing that is part of the Canadian regulator's public consultations in response to the Online Streaming Act, which received royal assent in April. The legislation is meant to update federal law to require digital platforms to contribute to and promote Canadian content. The CRTC is exploring whether to require streamers to make an initial contribution to the Canadian content system to help level the playing field for local companies, which are already required to support Canadian content. Netflix's Stephane Cardin told the CRTC an additional levy could "result in displacement of certain investments."