Canadian heritage minister Mélanie Joly revealed the new deal with the American streaming giant that will see Netflix develop a Canadian production ‘presence’ and contribute $500 million to Canadian content over the next five years.
It has yet to be revealed if the deal will entail a Canadian office and whether it will affect the tax status for the service in Canada. Reactions from Canada’s media providers are mixed, but more details about Netflix’s deal with the Canadian government still needs to be revealed.
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Total runtime: 35:28
Netflix commits to CanCon: 1:30