Swiss voters approve ‘Lex Netflix’ TV streaming funding regulation – EURACTIV.com

Swiss voters on Sunday (15 May) backed proposals to make world TV streaming companies reminiscent of Netflix Inc, Amazon and Disney make investments a few of their revenues generated in Switzerland into home film-making.

Just over 58% of voters backed the proposal, in line with the ultimate consequence, in considered one of three nationwide votes held beneath the Swiss system of direct democracy.

Switzerland will turn out to be the newest European nation to introduce such measures to help native TV and movie manufacturing and enhance locally-produced content material.

“This result underlines the cultural importance of film-making in Switzerland,” Swiss Interior Minister Alain Berset advised a press convention on Sunday.

In the binding referendum on what’s being known as “Lex Netflix”, worldwide streaming companies should make investments 4% of the income they make in Switzerland in native movie manufacturing.

The investments can take the type of shopping for locally-made exhibits, making programmes themselves or go into an funding fund.

Netflix mentioned it revered the consequence and would work with the federal government implementing the regulation.

“We believe that good stories can come from anywhere, and we have already invested in content from Switzerland in the past,” a Netflix spokesperson mentioned.

Amazon declined to remark and Disney didn’t reply to a request for remark.

The same regulation has been handed in Portugal the place streaming service suppliers must pay 1% on their revenue to the Institute of Cinema and Audiovisuals.

Denmark is contemplating a levy and Spain is because of introduce one. France and Italy make streaming companies make investments a proportion of their revenues in European content material in native languages.

In a separate referendum, 72% accepted growing funding for Europe’s Frontex border safety company.

A rejection might have pressured Switzerland out of the 26-member Schengen passport-free journey zone and the Dublin system of coordinating asylum purposes.

In the third vote, folks now must decide out of transplants fairly than decide in after 60% of voters supported the plan.

Source hyperlink

Leave a Reply

Your email address will not be published.