Variety are reporting that a new law is set to be passed, holding streaming giants accountable for where they source their content. A new bill will recquire Amazon and Netflix to offer a catalogue of 30% EU sourced content.
The Netflix catalogue is filled with American content so there may be an influx of foreign language content on the way.
There are a lot of products, particularly sitcoms and crime dramas sourced from the UK. The question is, how does Britain’s exit from the EU affect this?
According to Variety, EU native products will have to be at the forefront of the sites. The law may mean an increase in subscription fees as streaming companies will be forced to contribute to governments’ film funds. Streaming services may also pay increased copyright fees in the future.
This new law shows how big streaming services are becoming, particularly Netflix.