Cancon rules for streamers tripled

Canada's federal broadcast regulator has ordered large online streaming services to contribute 15% of their Canadian revenues to subsidizing local content.

The new rule triples the previous 5% requirement and is expected to deepen trade tensions.

Major U.S. studios and the Motion Picture Association have condemned the move as discriminatory and warned of potential retaliation.

The CRTC stated the funding is necessary to ensure the sustainability of Canada's independent production sector.