Netflix, Amazon Would Be Forced to Maintain 30% European Content Quotas Under Proposed EU Law

Streaming-video providers like Netflix and Amazon Prime Video would be required to dedicate at least 30% of their on-demand catalogs to European content, under a proposed European Union law announced Thursday.

Under the revised rules, internet-streaming services also will be required to fund TV series and films produced in Europe, either through direct commissions or by paying into national film funds.

The mandates, aimed at providing an economic stimulus for Euro entertainment productions, is part of a broader revision of rules applying to audiovisual media across the region, under a preliminary agreement reached by the European Parliament, Council and Commission. The negotiations will officially conclude in June, when lawmakers and regulators finalize remaining technical details of the proposal. After that, it will need to be approved by the European Parliament and EU member states.

 

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Source: Variety.com

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