Made-in-Europe quotas for foreign OTTs to become law this year: report

THE EUROPEAN UNION will require that streaming giants like Amazon Prime Video and Netflix stock their libraries with at least 30% of local content by the end of this year.According to a Variety report, the new rules, which are on track to be approved in December, will also require visibility and prominence of European product in the on-demand catalogs. Streamers will be required to fund TV series and films produced in Europe by commissioning content, acquiring it, or paying into national film funds through a small surcharge added to their subscription fee, something which is already happening in Germany, continues the...