The company, which has invested more than $25 million in these programs since 2017, has told several cultural organizations that funding past 2025 is in doubt. Hot Docs, the Whistler Film Festival Society and Indigenous content developer ImagineNATIVE are among the affected entities. (The Globe and Mail)
Talking point: The cuts come as Netflix and other streaming giants push back against the Online Streaming Act, the federal legislation compelling them to contribute five per cent of their annual domestic revenues to support Canadian productions. “Despite our long-standing commitment, the government has chosen not to acknowledge our substantial support for the Canadian film and TV sector. Consequently, we will be unable to continue funding many of the programs that have come to rely on our backing, as we are now required to allocate resources to meet the CRTC’s new investment mandates,” Netflix Canada spokesperson Lindsey Scully told The Logic in a statement.