House of Representatives: streaming services must spend 5 percent of Dutch turnover here – IT Pro – News

Massive streaming companies should make investments 5 p.c of the annual turnover earned within the Netherlands in Dutch productions. The Home of Representatives has handed a legislation making this obligatory. It’s now as much as the Senate to have the legislation enter into power definitively.

The legislation should make sure that massive streaming companies additionally spend a part of the earnings earned within the Netherlands right here. In consequence, a bigger vary of Dutch content material ought to grow to be out there, so writes the nationwide authorities. “Dutch tales get on [streamingdiensten] much less and fewer house, particularly on account of rising budgets for overseas movies, collection and documentaries.”

Streaming companies with a turnover of greater than 10 million euros per yr within the Netherlands should make investments 5 p.c of that turnover right here; the platforms are free to decide on whether or not titles are produced, co-produced or bought, so long as they’re Dutch productions. Not less than 60 p.c of these productions should once more be made by ‘impartial producers’.

Half of the cash in query have to be invested in movies, collection and documentaries. Streaming companies can resolve for themselves what occurs to the opposite half. In line with a spokesperson for State Secretary for Tradition and Media Gunay Uslu, this additionally consists of actuality, comedy and theater productions. The companies could not spend the cash on masking sporting occasions or competitions, the invoice explicitly states.

Because of the legislation, it’s estimated that a minimum of 40 million euros have to be invested yearly within the Dutch movie and tv sector. For the calculation, the turnover earned within the Netherlands from main streaming companies in 2022 was checked out. The spokesperson mentions Netflix, Disney +, Amazon Prime Video, Discovery + and HBO Max, Apple TV + and Videoland; these streaming companies ought to present ‘enough Dutch productions’ below the brand new legislation.

The legislation was proposed by Gunay Uslu, Secretary of State for Tradition and Media. The coalition events and the BoerBurgerBeweging have now agreed to the legislation. Given the upcoming composition of the Senate, together with sixteen future seats for the BBB, it’s possible that the legislation may also be authorized within the Senate. earlier proposals to such an funding obligation for streaming companies have failed lately.