Ottawa on Tuesday proposed changes to Canada’s broadcasting regulatory framework that would see it applied to booming online streaming platforms and might require them to contribute cash to support Canadian storytelling.
If passed by parliament, the amendment to the Broadcasting Act would empower the Canadian Radio-television and Telecommunications Commission (CRTC) to apply the same rules as traditional broadcasters to platforms such as Netflix, Amazon Prime and Spotify.
It might also compel them to contribute to a fund that supports the creation, production and distribution of Canadian music, film and television, which the government estimates could raise as much as C$830 million (US$625.6 million) by 2023.
“One system for our traditional broadcasters and a separate system for online broadcasters doesn’t work,” Minister of Canadian Heritage Steven Guilbeault told a news conference.
“Our government believes that everyone who benefits from the system should contribute to it fairly,” he said.
However, critics said that the legislative changes do not go far enough.
“The new Broadcasting Act ... is a mess,” tweeted Canadian lawmaker Alexandre Boulerice, of the opposition New Democratic Party.
He accused the government of having “surrendered to Big Tech without a fight.”
The Broadcasting Act has not been updated since 1991 — prior to the advent of the Internet, and Canadian Prime Minister Justin Trudeau’s minority Liberal Party government has been under pressure by Canadian broadcasters to tax Netflix and others to level the playing field.
A government briefing document said that 62 percent of Canadian households now subscribe to Netflix, which last year generated C$1 billion in revenues in Canada.
At the same time, the revenues of traditional radio and television broadcasters are stagnating or declining, along with their contributions to the Canadian content fund.
Guilbeault said that some of the streaming platforms are already spending on Canadian music, television and film productions, but their contributions are only voluntary.
Netflix, for example, in 2017 announced that it would spend C$500 million or 5 percent of its global production budget to make original films and television shows in Canada.
The CRTC, is expected to sort out how the funding requirements would be applied to streaming services over the coming year, Guilbeault said.
User-generated content, online news and video games, would not be subjected to the new rules, the Canadian government said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
CHINA RIVAL: The chips are positioned to compete with Nvidia’s Hopper and Blackwell products and would enable clusters connecting more than 100,000 chips Moore Threads Technology Co (摩爾線程) introduced a new generation of chips aimed at reducing artificial intelligence (AI) developers’ dependence on Nvidia Corp’s hardware, just weeks after pulling off one of the most successful Chinese initial public offerings (IPOs) in years. “These products will significantly enhance world-class computing speed and capabilities that all developers aspire to,” Moore Threads CEO Zhang Jianzhong (張建中), a former Nvidia executive, said on Saturday at a company event in Beijing. “We hope they can meet the needs of more developers in China so that you no longer need to wait for advanced foreign products.” Chinese chipmakers are in
POLICY REVERSAL: The decision to allow sales of Nvidia’s H200 chips to China came after years of tightening controls and has drawn objections among some Republicans US House Republicans are calling for arms-sale-style congressional oversight of artificial intelligence (AI) chip exports as US President Donald Trump’s administration moves to approve licenses for Nvidia Corp to ship its H200 processor to China. US Representative Brian Mast, the Republican chairman of the US House Committee on Foreign Affairs, which oversees export controls, on Friday introduced a bill dubbed the AI Overwatch Act that would require the US Congress to be notified of AI chips sales to adversaries. Any processors equal to or higher in capabilities than Nvidia’s H20 would be subject to oversight, the draft bill says. Lawmakers would have