Netflix proves need to deregulate - 0 views
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ngodup yaklha on 05 Jun 11Peladeau explained that services like Netflix and Apple TV are new models to deliver television and movie content online, and therefore do not fall within the regulations outlined by the Canadian Radio-television and Telecommunications Commission for television broadcasters. Netflix is American owned, whereas television companies must be majority owned by Canadians. But rather than regulate Netflix, as television operators suggested in a letter to the CRTC last month, Peladeau said all existing regulations should be eliminated to make the playing field more fair. Quebecor reported flat firstquarter earnings Thursday of $34.3 million, or 53 cents a share, in the three months ended March 31, compared with $34.9-million, or 54 cents a share, in the same quarter a year ago. Quebecor is channelling much of its available cash flow into a new wireless business at Videotron central to the parent company's growth strategy over the coming years. The company said Videotron added more than 28,000 new mobile customers in the quarter, lifting its subscriber base to 143,600 in total