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FYI

Luminate Data Market Watch Facts & Figures: Week Ending May. 2, 2024

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and year-to-date comparisons to last year.

Luminate Data Market Watch Facts & Figures: Week Ending May. 2, 2024

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday. The abbreviation "TEA" is a term used to describe the sale of music downloads or singles. A track equivalent album is equal to 10 tracks, or 10 songs.


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Streaming

Music 'Streaming Tax' Update Is 'Forthcoming' as CRTC Triples TV Streaming CanCon Contributions to 15%

While it doesn’t directly affect music streaming platforms yet, a CRTC spokesperson tells Billboard Canada that “a decision on the Consultation on Canadian content for audio services is forthcoming."

The Canadian Radio-television and Telecommunications Commission (CRTC) has increased its base contributions for major audiovisual streaming services like Netflix, Amazon Prime Video and Apple TV.

The federal broadcast regulator has revealed that platforms earning more than $25 million in revenue will be required to pay 15% of their income to Canadian content funds. It’s a 10% increase from the 5% base contribution requirement proposed in 2024.

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