Spain Moves to Address Rights Ownership in Rules of Engagement with Streamers
The horse has not left the stable. This summer, Spain’s government unveiled a crucial draft Audiovisual Communication Services Law aimed at implementing an E.U. directive which in Spain’s case will oblige streaming services to invest in Spanish content.
The bill established a quota obligation at 3.5% of global platforms’ annual revenues – which pales in comparison with France, of course, where OTT players – Netflix, Amaxon, Apple TV – are required from this year to invest 20%- 25% of yearly turnover.