Germany to Impose Commitment on Streamers and Broadcasters to Invest in Local Content, and Boosts Public Funding for Film

The German government is set to introduce an investment commitment on streaming platforms and TV broadcasters that would oblige them to invest 8% of their revenue in Germany in local content. It has also committed to nearly doubling its funding for the local film industry, the ministry of culture has said.

“This is not a symbol, but a real investment stimulus: for jobs, value creation, and creative excellence,” culture minister Wolfram Weimer said in a statement. Weimer is likely to speak about the changes at the opening of next week’s Berlin Film Festival.

The government proposals state that if the streamers and broadcasters invest 12% or more, they will be exempt from a number of regulations, for example a requirement to produce films in the German language.

More to follow.

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