© Reuters. FILE PHOTO: A poster studying: “No to the movie regulation – anti-consumer, unfair, patronising” is seen on a subject, earlier than the Swiss citizens votes on a number of points in a referendum subsequent weekend, close to Birmensdorf, Switzerland Could 9, 2022. Image taken Could 9, 2
By John Revill
ZURICH (Reuters) -Swiss voters on Sunday backed proposals to make world TV streaming companies comparable to Netflix Inc (NASDAQ:), Amazon (NASDAQ:) and Disney make investments a few of their revenues generated in Switzerland into home film-making.
Simply over 58% of voters backed the proposal, in response to the ultimate consequence, in one among three nationwide votes held below the Swiss system of direct democracy.
Switzerland will develop into the newest European nation to introduce such measures to assist native TV and movie manufacturing and enhance locally-produced content material.
“This consequence underlines the cultural significance of film-making in Switzerland,” Swiss Inside Minister Alain Berset instructed a press convention on Sunday.
Within the binding referendum on what’s being known as “Lex Netflix”, worldwide streaming companies should make investments 4% of the income they make in Switzerland in native movie manufacturing.
The investments can take the type of shopping for locally-made reveals, making programmes themselves or go into an funding fund.
Netflix mentioned it revered the consequence and would work with the federal government implementing the regulation.
“We consider that good tales can come from wherever, and we have now already invested in content material from Switzerland previously,” a Netflix spokesperson mentioned.
Amazon declined to remark and Disney didn’t reply to a request for remark.
An analogous regulation has been handed in Portugal the place streaming service suppliers need to pay 1% on their earnings to the Institute of Cinema and Audiovisuals.
Denmark is contemplating a levy and Spain is because of introduce one. France and Italy make streaming companies make investments a proportion of their revenues in European content material in native languages.
In a separate referendum, 72% accredited rising funding for Europe’s Frontex border safety company.
A rejection may have pressured Switzerland out of the 26-member Schengen passport-free journey zone and the Dublin system of coordinating asylum functions.
Within the third vote, folks now must decide out of transplants somewhat than decide in after 60% of voters supported the plan.
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