Australia to mandate streaming services invest at least 10% of expenditure in local content

In a transformative move for the Australian entertainment landscape, the government is enforcing new legislation that mandates streaming providers to channel funds into local content. With a minimum requirement of 10% of expenditure or 7.5% of rev...

Agencies
Australia will introduce laws requiring streaming platforms to invest set amounts of money in Australian content, the government said on Tuesday.

The centre-left Labor government will require the platforms to invest at least 10% of total expenditure in Australia or 7.5% of revenue to new Australian drama, children's content, documentaries and arts and educational programmes, Arts Minister Tony Burke and Communications Minister Anika Wells said in a statement.

* Australia has local content quotas for free-to-air television but not for streaming services such as Netflix, Display+ and Amazon.


* "Since their introduction in Australia, streaming services have created some extraordinary shows," Burke said. "This obligation will ensure that those stories - our stories - continue to be made."

* Plans to introduce local content quotas for mostly U.S-based streamers may disrupt trade relations with the U.S., Australian media has reported.

* The government did not say how the quota options - 10% of expenditure or 7.5% of revenue - would be calculated.
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