Entertainment

Netflix and Disney Caught by Canada’s New Media Funding Rules

The regulator estimates the tax will raise C$200 million annually.

Photographer: Chris Ratcliffe/Bloomberg

Canada will start requiring foreign streaming platforms to contribute 5% of their Canadian revenues later this year to help pay for local media productions.

The new obligations — imposed on streaming companies that make C$25 million ($18.3 million) or more in Canadian revenue and aren’t affiliated with domestic broadcasters — take effect on Sept. 1, the country’s broadcast regulator said Tuesday.