Streamers will be made to produce Australian content
Summary
Australia plans to make streaming services like Netflix and Disney+ spend a set amount of money on Australian-made content. New laws will require these services to invest a certain percentage of their spending or revenue on local shows and movies.Key Facts
- Australia will introduce new laws requiring streaming platforms to financially support Australian-made content.
- Platforms with more than one million subscribers, like Netflix and Disney+, must spend at least 10% of local spending or 7.5% of revenue on Australian content.
- The new law will cover drama, documentaries, arts, and educational programs.
- Arts Minister Tony Burke stated the rule would help protect local acting jobs.
- The legislation will be introduced in Parliament this week.
- The law was delayed due to concerns about affecting a free trade agreement with the US.
- The Australian Writers Guild and Screen Producers Australia support the changes, but streaming services have not yet commented.
- Investment in Australian film and TV production has recently dropped by nearly 30%, partly due to the COVID-19 pandemic.
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