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Canada passes bill to compel local content on streaming platforms

OTTAWA (Reuters) - Canada's lower house of the parliament passed legislation on Tuesday that would bring online streaming platforms under the stewardship of the country's...
Canada passes bill to compel local content on streaming platforms © Reuters. FILE PHOTO: Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo

OTTAWA (Reuters) - Canada's lower house of the parliament passed legislation on Tuesday that would bring online streaming platforms under the stewardship of the country's broadcast regulator and compel firms like Netflix (NASDAQ:NFLX), YouTube, and Spotify (NYSE:SPOT) to offer more local content.

The bill, brought by Prime Minister Justin Trudeau's Liberal government, cleared the House of Commons by 208 votes to 117, with support from the opposition New Democrats and Bloc Quebecois.

The government says the legislation would ensure that online streaming services promote Canadian music and stories and support local jobs. Critics say it was rushed to a vote and concerns raised about the bill, such as the potential impact on independent content creators, were not addressed.

Heritage Minister Pablo Rodriguez, who introduced the bill in February, says the changes are meant for commercial programs streamed online and would not apply to individual Canadians.

Bill C-11 will become law once the Senate, or upper chamber, adopts it and it receives royal assent.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

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USD/JPY

157.91

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

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EUR/CHF

0.9808

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Gold Futures

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Silver Futures

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Copper Futures

4.5305

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Crude Oil WTI Futures

81.14

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Brent Oil Futures

85.62

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US Coffee C Futures

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Euro Stoxx 50

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S&P 500

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DAX

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FTSE 100

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Hang Seng

17,763.03

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US Small Cap 2000

1,973.05

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IBEX 35

10,854.40

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49.155

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Bayer AG NA

27.35

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Allianz SE VNA O.N.

266.60

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Adidas AG

226.40

-5.90 (-2.54%)

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Deutsche Lufthansa AG

6.714

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Neutral

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Siemens AG Class N

175.90

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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SJC Eximbank8,300/ 8,500
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Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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