A selection of Netflix Inc. original content sits displayed in the Netflix app on an Apple Inc. iPad tablet device in this arranged photograph in London, U.K., on Monday, Aug. 20, 2018. The NYSE FANG+ Index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. Photographer: Jason Alden/Bloomberg
LOS ANGELES: In their quest for global domination, Netflix and Amazon view Europe as a key battleground. Both companies have dramatically ramped up operations on the continent in recent years to woo subscribers, creatives and talent.
But tensions over content, costs and consequences for the region’s legacy players have been building, and in some cases have boiled over. Europe’s lawmakers are stepping in to regulate the streaming behemoths’ activities, while traditional players gear up, and even unite, to check the rise of upstart companies that some of them have been only too happy to work with.
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