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Corus, Bell & CBC urge reform to stop US streamers ‘sucking dollars to Hollywood’

The C-11 Bill is set to update a raft of regulations across the Canadian media industry including introducing a requirement for streamers to contribute to the countrys production industry a move that could raise up to C$1bn 750m. Troy Reeb EVP of broadcast networks at Corus delegates at BANFF World Media Festival that the economic underpinnings of the sector have been kicked away entirely over the past decade as US based have streamers entered the market.While commercial companies had previously helped to subsidise the cultural requirements we need as a country Reeb continued the entry of streamers such as Netflix had left a void in support.The foreign companies have and lets remember that Netflix is the biggest network in this country sucked dollars to Hollywood without putting money back in to support our cultural development.

The greatest thing needed for C-11 is to put that back into balance. Bell Medias Justin Stockman VP of content development & programming agreed but added that an extra angle was the availability of US shows to Canadian networks with studio-backed streamers increasingly taking content for their own services.US programming is feeding the production of linear programming some of the money we are spending is coming from people watching American series. So yes streamers have to fund and support but they also have to make shows available to us otherwise they are actually going to drain money out of the system. People want to watch US shows as well as local if they shut off that tap we are going to have real problems.Barbara Williams EVP of CBC added that there also needed to be greater acknowledgment of Canadian content appearing on streamers highlighting shows such as her networks comedy Schitts Creek.

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