Skip to content

Alphabet, Netflix Tempt Canada as Source of Cash to Fund Culture

  • Trudeau government seeks to force Big Tech to pay subsidies
  • Critics say bills infringe on free speech and privacy
Illustrations Of Netflix, Spotify And Uber Logos
Photographer: Chris Ratcliffe/Bloomberg
Updated on

Canada is walking a narrow path in regulating global technology giants, seeking a cut of company profits rather than trying to curb their market dominance.

Prime Minister Justin Trudeau’s government has proposed legislation that could raise more than C$1 billion ($775 million) a year by forcing streaming services to fund local media and feature Canadian content. It’s pushing search and social platforms, for example, to negotiate commercial deals with news publishers to compensate for losses in advertising revenue.