In Canada it is a bit more complicated. We have a policy here which mandates that a certain percentage of all broadcast media be Canadian content (http://en.wikipedia.org/wiki/Canadian_content).
It means that radio stations have to play Canadian music, and that television networks must show Canadian shows.
As you can imagine, there are strong opinions about this. For example, what constitutes Canadian content? If it is an American made show that is shot on Canadian soil (Toronto playing the role of Big-American-City), should that count? Or if the writers are Canadian, but the show is produced in the US, how should it be counted? What about a celebrity gossip show, primarily about Hollywood stars, that is hosted by Canadians? I'm not making these examples up by the way.
In radio, Can-con can lead to odd things too: when there is a new Canadian band, airwaves become oversaturated with their music quite quickly, to the point where the domestic audience gets tired of them. DJs want to play popular music (mostly of US origin), but must also meet Can-con rules. A new, popular Canadian band can actually be hurt by too much exposure in a short period of time.
So the CRTC here isn't just about issuing licenses for limited airwaves. It is also about enforcing rules on the content.
My personal opinion is that Can-con (mandating some % of material be broadcast) is probably not the best approach to supporting Canadian artists. I don't think it makes sense for TV, radio, or internet.
That said, it is pretty clear to me that under the current rules, Netflix and Youtube should fall under the same umbrella. I don't see an argument how the government has the authority to set rules about radio and TV but not the internet. I suppose you could claim that wireless spectrum is a public space, therefore within the purview of the government. But that arguement falls apart since most people have cable anyway. To give you a sense of how inconsistent things currently are, if you have a cable modem, part of the signal (TV) is subject to Can-con, but if you stream (internet) it is not.
Again, I'm not coming out in favour (note the u :) of Can-con on any media provider, but the current case against Netflix etc is consistent with the law as it is written.