Netflix EU quota

BRUSSELS: The EU wants to force US web streaming giants such as Netflix and Amazon to devote 20 per cent of their content in Europe to European movies and TV programmes, according to a draft proposal seen on Thursday. The proposals are part of proposed overhaul of EU broadcasting rules to fight off the might of Hollywood that will be made public next week by the European Commission, the EU’s executive arm. In addition, the EU hopes to tax the US web streamers in order to help fund European movies and TV shows in an effort to promote the European entertainment industry. Fighting the dominance of Hollywood is a major priority for France, which has for years subsidised its own national film industry through a special tax on privately-owned broadcasters that rely heavily on US-made content.