Netflix to Face Higher Costs Under New Canada Content Rules (1)

Canada will require streaming giants including Netflix Inc. to spend 15% of their annual Canadian revenue on local content, moving ahead with rules that have been identified as a trade issue by the US.

Canada’s broadcasting regulator announced new regulations for the Online Streaming Act, a law that brings global streaming platforms under domestic rules, including a requirement to pay into funds that support Canadian shows.

The rules unveiled on Thursday seek to ensure broadcasters “contribute to the creation of Canadian and Indigenous content in an equitable way that reflects their size and business models,” the Canadian Radio-television and Telecommunications ...