Netflix, Inc. (NASDAQ:NFLX) is remaining firm on its earlier decision of refusing to hand over certain confidential subscriber information to regulators in Canada. The decision comes in the wake of the Canadian Radio-television and Telecommunication (CRTC) reiterating it’s stance to control online video content providers.
Netflix, Inc. (NASDAQ:NFLX) argues that providing the requested information would amount to sabotage of its operation, if the same information find its way in the hands of competitors. Netflix is one among 13 other content providers that have been grilled by the agency. CRTC has been holding public meetings to ascertain the impact of online content providers on the country’s traditional television sector.
A move by the agency to regulate content viewed in Canada will hurt the general population in terms of content that is made available by online providers according to Netflix, Inc. (NASDAQ:NFLX). The giant streaming company is advising the regulatory agency to allow market forces to dictate the kind of content that finds its way to consumers depending on demand.
Netflix, Inc. (NASDAQ:NFLX) global public policy director, Corie Wright, has already told the CRTC that regulating content offered by online providers would only amount to hampering innovation in the space as well a consumer choice and preference. Wright argues that viewers should be’ accorded the right of choosing with their dollars whatever content they feel like watching.
CRTC is trying to regulate the content industry as a way of protecting Canada’s television broadcasting sector that has crumbled under immense competition from providers like Netflix, Inc. (NASDAQ:NFLX) that use advanced technology to reach mass audience. During the hearings, some stakeholders argued that Canadians should be allowed to pay for channels they want to view, instead of being bundled with unnecessary channels in bouquets that always turn out to be costly.
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