Netflix (NFLX) and Walt Disney (DIS) are among the streaming companies set to benefit from Canada's plan to scrap a levy requiring platforms to contribute a share of Canadian revenue toward domestic film and television productions, Bloomberg reported Tuesday, citing a court filing.

A lawyer for Canada's attorney general said in a letter to the Federal Court of Appeal that the government intends to eliminate the requirement and provide public funding to replace the revenue, the report said.

The letter, filed amid litigation involving the Motion Picture Association - Canada, which represents Netflix, Disney, and Sony Pictures, said the government expects to publish further policy details in the coming weeks, according to the report.