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Ottawa to scrap base contribution requirements for U.S. streamers

The Liberals are preparing to eliminate base funding requirements for U.S. companies under the Online Streaming Act.

The news comes as the policy, which requires companies like Amazon.com Inc., Apple Inc., and Netflix Inc. to allocate a portion of Canadian revenues to fund domestic news and entertainment programming, faces strong pushback from American industry and political players.

h.t Mauser and WC

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