CBC cuts profit participation, retransmission royalties from deals with Canadian independent producers

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...