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Canada to crack down on foreign investment in digital media sector

Economic TimesEconomic Times · 8m
Canada to crack down on foreign investment in digital media sector

Canada is tightening restrictions on foreign investment in the interactive digital media sector to protect national security. Innovation Minister Francois-Philippe Champagne announced increased scrutiny on investments by entities owned or influenced by foreign states, targeting those engaged in activities that may pose a risk to Canada. The move comes as Canada aims to prevent state-sponsored actors, including Russia and China, from spreading disinformation and manipulating information. Foreign investors will now need to provide stricter undertakings for a longer period of time regarding creative independence, corporate governance, and transparency. Factors such as reach, audience, and level of control will be considered for proposed foreign investments.

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