The U.K. government is proposing to have streaming services including Netflix Inc. (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) Prime Video self-censor content that could be considered as harmful or misinformation.
What Happened: A broadcasting bill expanding the powers of the nation’s Ofcom media regulator was presented to the U.K. Department for Digital, Culture, Media and Sport, according to a Bloomberg report. Under the new rules, Ofcom will have the power to investigate complaints about streaming content and, where applicable, levy fines of up to 5% of the streaming service’s annual sales.
