Madam Speaker, we are modernizing the Broadcasting Act, which has not been updated in 30 years, since we rented videos from video stores. We are asking web giants who profit in Canada to contribute to the creation of Canadian stories and music. This would support creators across our country.
The bill would apply to social media companies only. It would ask social media companies to advise us of Canadian revenues, contribute a portion of those revenues to Canadian cultural production funds and make our creators discoverable. Individuals posting to social media are excluded.