Swiss Film Industry Mulls Changes to Law That Could Bring $20 Million in Additional Investment
variety.comJohn Bleasdale Guest Contributor Up to $20 million could be pumped into independent film production in Switzerland thanks to revisions to the country’s Film Act, which will compel streamers such as Prime Video and Netflix to invest in the local film business.
A roundtable during the Locarno Film Festival titled “Swiss Film Industry – New Film Act and New Opportunities” outlined the changes that would come into force in the new year with the implementation of the revised act.
According to Swiss law, local television companies must invest 4% of their revenue generated in Switzerland on independent film production.
The amendment, which was approved by a referendum and was voted into law, extends this obligation to streamers, as well as mandating a 30% quota for European content.
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