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Local Product Quotas for Netflix, Amazon to Become Law, EU Official Says

Accepted submission by chromas at 2018-09-04 07:00:28 from the 30% locally sourced dept.
Business

From Variety [variety.com]:

Quotas obligating Netflix, Amazon and other streaming services operating in the European Union to dedicate at least 30% of their on-demand catalogs to local content are set to become enshrined in law soon.

Roberto Viola, head of the European Commission department that regulates communications networks, content and technology, said the new rules, which will also demand visibility and prominence of European product on streamers, are on track to be approved in December.

"We just need the final vote, but it's a mere formality," he told Variety at the Venice Film Festival.

Netflix, Amazon and other streamers will be required to fund TV series and films produced in Europe by commissioning content, acquiring it or paying into national film funds through a small surcharge added to their subscription fee, something which is already happening in Germany. Netflix tried unsuccessfully to fight the German surcharge in court.


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