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The Economic Times

Technology

Netflix criticises German plan to make streamers invest more locally

Netflix Denmark Disney France Germany Sweden

Netflix and other streaming services on Thursday criticised a German plan requiring platforms to reinvest a share of locally generated revenue as part of efforts to support domestic film production.

Chancellor Friedrich Merz's cabinet approved a draft law Wednesday that would compel streamers to invest at least eight percent of earnings generated in Germany into the domestic and wider European film and TV sectors, or face financial penalties.

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