Post by account_disabled on Feb 19, 2024 4:19:08 GMT -5
It doesn't matter what they declare for tax purposes. Streaming platforms will also be obliged, like television operators, to finance European cinema with 5% of what they generate in the Spanish market. This is what sources from the Ministry of Economic Affairs and Digital Transformation advance, and this is what the new draft of the General Law on Audiovisual Communication reveals. The draft that has just been published on the Ministry's website will update the current Audiovisual Communication Law, which is now more than 10 years old. In addition, it will transpose the European Directive 2018/1808. Sources from the Government of Spain assert that this new law aims to create a balanced regulatory framework that encourages investments in the Spanish audiovisual sector , as well as reflecting the multiple changes that the sector has experienced over the last decade.
The pandemic unearths the other great battle of the streaming war: piracy is more alive than ever Also changes in habits and consumption that, on the other hand, have also been increased by Europe Cell Phone Number List the COVID-19 pandemic. In addition to the arrival of new players in recent years - such as video sharing platforms such as YouTube or Twitch or video-on-demand services such as Netflix or HBO - these have seen their audiences and income multiply over the months. of confinement. 5% of what they "generate" in Spain to finance European cinema For the Government, the fact that HBO or Netflix have their tax headquarters outside of Spain is not a problem.
The National Market and Competition Commission (CNMC) will continue to be the body that regulates the contributions that these operators – which will now also become part of a state registry – make to finance European cinema. The new Law contemplates that 30% of the catalog of these streaming platforms be European works, as stated in the Directive that, de facto, is being transposed. To prevent only the regulatory bodies of the European countries in which the main platforms are based, the CNMC is already coordinated with its counterparts in the rest of the member states of the Union. In this way, it will be the CNMC that will make information requests to the main companies in the sector so that they inform it of how much money their activity has generated in Spain, and based on this, claim 5% of it for production.
The pandemic unearths the other great battle of the streaming war: piracy is more alive than ever Also changes in habits and consumption that, on the other hand, have also been increased by Europe Cell Phone Number List the COVID-19 pandemic. In addition to the arrival of new players in recent years - such as video sharing platforms such as YouTube or Twitch or video-on-demand services such as Netflix or HBO - these have seen their audiences and income multiply over the months. of confinement. 5% of what they "generate" in Spain to finance European cinema For the Government, the fact that HBO or Netflix have their tax headquarters outside of Spain is not a problem.
The National Market and Competition Commission (CNMC) will continue to be the body that regulates the contributions that these operators – which will now also become part of a state registry – make to finance European cinema. The new Law contemplates that 30% of the catalog of these streaming platforms be European works, as stated in the Directive that, de facto, is being transposed. To prevent only the regulatory bodies of the European countries in which the main platforms are based, the CNMC is already coordinated with its counterparts in the rest of the member states of the Union. In this way, it will be the CNMC that will make information requests to the main companies in the sector so that they inform it of how much money their activity has generated in Spain, and based on this, claim 5% of it for production.