Canada unveils vision for the arts; Netflix makes investment

Canada unveils vision for the arts; Netflix makes investment

OTTAWA (Reuters) – Canada outlined its vision for its cultural and entertainment industries on Thursday, promising more money to foster Canadian content at home and abroad and striking a deal in whoch streaming service Netflix would invest C$500 million to create programming in the country.The announcement was part of a sweeping review done by Canadian Heritage Minister Melanie Joly and included plans to modernize funding programs and review copyright, broadcasting and telecommunications legislation. The government did not tax Netflix as some had proposed.Canadian producers have been struggling to compete against Netflix, YouTube and other online rivals. Critics have said more should be done to ensure domestic content does not disappear.

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