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French government urges SVoDs to invest locally

French parliament set to debate bill in early March

The French government is reportedly finalising a bill to force SVoDs to invest at least 25 per cent of their revenue generated in the country back into local productions.

The legislation will fall under the European directive that streaming companies must ensure that 30 per cent of their catalogues include European-made content.

According to Bloomberg, the French parliament will debate the bill in early March which would be enacted after a late-summer final vote, including details of the streaming services’ obligations.

According to the National Centre for Cinema and Animated Image, the governmental body overseeing French productions and funding, Netflix, Amazon and the other major SVoD players saw sales in France of about €500 million in 2018, which would make for an investment of about €125 million once the bill passes into law.