Swiss voters approve 'Lex Netflix' TV streaming funding law & More News Here

A poster studying: “No to the film law – anti-consumer, unfair, patronising” is seen on a area, earlier than the Swiss citizens votes on a number of points in a referendum subsequent weekend, close to Birmensdorf, Switzerland May 9, 2022. Picture taken May 9, 2022. REUTERS/Arnd Wiegmann

ZURICH, May 15 (Reuters) – Swiss voters on Sunday backed proposals to make world TV streaming providers similar to Netflix Inc (NFLX.O), Amazon (AMZN.O) and Disney (DIS.N) make investments a few of their revenues generated in Switzerland into home film-making.

Just over 58% of voters backed the proposal, in response to the ultimate end result, in one in every of three nationwide votes held beneath the Swiss system of direct democracy.

Switzerland will develop into the most recent European nation to introduce such measures to help native TV and movie manufacturing and enhance locally-produced content material.

“This result underlines the cultural importance of film-making in Switzerland,” Swiss Interior Minister Alain Berset advised a press convention on Sunday.

In the binding referendum on what’s being referred to as “Lex Netflix”, worldwide streaming providers should make investments 4% of the income they make in Switzerland in native movie manufacturing.

The investments can take the type of shopping for locally-made exhibits, making programmes themselves or go into an funding fund.

Netflix stated it revered the end result and would work with the federal government implementing the regulation.

“We believe that good stories can come from anywhere, and we have already invested in content from Switzerland in the past,” a Netflix spokesperson stated.

Amazon declined to remark and Disney didn’t reply to a request for remark.

An identical law has been handed in Portugal the place streaming service suppliers must pay 1% on their revenue to the Institute of Cinema and Audiovisuals.

Denmark is contemplating a levy and Spain is because of introduce one. France and Italy make streaming providers make investments a proportion of their revenues in European content material in native languages.

In a separate referendum, 72% permitted rising funding for Europe’s Frontex border safety company.

A rejection might have compelled Switzerland out of the 26-member Schengen passport-free journey zone and the Dublin system of coordinating asylum purposes.

In the third vote, folks now must decide out of transplants fairly than decide in after 60% of voters supported the plan.

Reporting by John Revill;
Editing by Gareth Jones, David Evans and Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles.

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