British screen industry at risk of missing out on EU spending boom. U.S. streaming giants Netflix and Amazon have been spending big on their respective successes: the critically acclaimed original drama The Crown and popular Top Gear spin-off, The Grand Tour. However, despite the already lavish budgets set aside for original content and talent, a new EU law could see streaming services having to spend billions more on original content within Europe. Amazon has already dropped $4.5 billion on originals in Europe and has drama productions running in the UK, France and Germany, but new legislation could force on-demand services to make European original content at least 30 percent of their total spending. Although this is intended to support screen industries across Europe and create a surge of new drama features and series, Britain’s uncertain relationship with the EU may mean the UK film and TV industry misses out. Along with Apple,...
- 7/3/2018
- backstage.com
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