Australia passes a law requiring global streamers with 1M+ Australian subscribers to spend 10% of their local outlay or 7.5% of revenue on Australian originals (Jesse Whittock/Deadline)
PositiveArtificial Intelligence
- Australia has enacted a law mandating that global streaming services with over one million Australian subscribers allocate 10% of their local expenditure or 7.5% of their revenue towards producing original Australian content. This legislation targets major platforms such as Netflix, Disney+, and HBO Max, aiming to enhance local content creation and support the Australian entertainment industry.
- This development is significant as it not only promotes the production of Australian originals but also ensures that international streaming giants contribute to the local economy. It reflects a growing trend of governments seeking to regulate content spending by global companies to foster local culture and creativity.
— via World Pulse Now AI Editorial System
