European Union requires streaming services to offer at least 30% local productions

According to the industry magazine Variety, Roberto Viola, head of the European Commission’s communications networks, content and technologies department, announced at the Venice Film Festival that a law would be passed in December obliging streaming services such as Netflix, Amazon & Co to invest heavily in the European production landscape. This could be done either by producing, commissioning and thus funding, acquiring television series and films in Europe, or alternatively – as is already the case in Germany – by paying into national film funds.