Hollywood studios have slammed Canada’s TV watchdog for ordering American streamers to direct 15 percent of their Canadian revenues into local indie production as part of the country’s Online Streaming law. “The Motion Picture Association strongly condemns the CRTC’s decision to impose unprecedented, unnecessary, and discriminatory investment obligations on American streaming services operating in Canada,” Motion Picture Association chairman and CEO Charles Rivkin said in a statement obtained by The Hollywood Reporter. That followed the Canadian Radio-Television and Telecommunications Commission, which regulates the country’s TV and telecommunications sectors, ruling “online broadcasters,” which includes Netflix and other American streamers, will contribute 15 percent of revenues from operating in the Canadian market to underwrite homegrown media content. That includes indigenous content production and French-language content and news. The CRTC ruling comes in the wake of Canada’s Online Streaming Act, legislation that forces U.S. digital giants to finance Canadian media content production, becoming law in 2023. “Under the new rules, broadcasters with annual Canadian broadcasting revenues above $25 million will make meaningful contributions to the broadcasting system. No broadcasters below that …