TORONTO – CBC said Monday that it has ended the collection of both profit participation and retransmission royalties on all projects that it has pre-licensed from Canadian independent producers, regardless of its level of investment, effective immediately.
The brief statement says that the change comes as a result of the ongoing efforts by CBC and the Canadian Media Producers Association to ensure business terms better reflect the needs of creators and producers, balanced with the needs of the public broadcaster. CBC added that it will apply the change retroactively to all deals signed after April 1, 2017, and that confirmation of this change will appear on its website in the section for independent producers.
“The decision to restore these revenue generating rights underlines CBC’s support of Canada's independent production community and recognizes the critical role which independent producers play within Canada's creative economy”, said Lisa Clarkson, CBC English services’ executive director of business & rights and content optimization, in the statement. “This is yet another way in which CBC is taking action to promote the vitality of this sector and foster more abundant Canadian content choices for audiences at home and abroad.”
