EU strikes deal forcing Netflix, Amazon to fund European content


  • TECH
  • Friday, 27 Apr 2018

A television monitor displays the home screen for the Netflix Inc. original series 'Stranger Things' in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Thursday, April 12, 2018. Netflix Inc. is scheduled to release earnings on April 16. Photographer: Gabby Jones/Bloomberg

BRUSSELS: Online streaming services including Netflix and Amazon Prime Video could be required by countries to help fund European films and TV shows under a preliminary deal struck by EU lawmakers and member states on April 26.

The new law extends the European Union's broadcasting rules to online video services and includes a quota of at least 30% for European works on video-on-demand platforms.

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