Aussies give Netflix $1 billion a year – let’s ask for half of it back

During the week, local peak body Screen Producers Australia teamed up with 19 other screen organisations from Europe, New Zealand, Canada, a place named ‘Ireland’, and Spain, and demanded legislation that requires Netflix, Amazon, Disney, and other streamers to invest a percentage of its earnings in each territory back into local productions.

The various peak bodies issued a dot-point list of demands, the main one being “all platforms that derive financial benefit from conducting business in the local market should financially contribute, proportionally, to the creation of new local content for the benefit of local audiences.”

Pleasingly, the Australian government is ahead of the international curve in regards to this issue. It has already committed to introducing a local content quota for all streaming services operating in the country by mid-2024.

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