UK Government Has “No Plans” For Streamer Levy Amid Scripted Funding Crisis
deadline.comThe British government has effectively ruled out the idea of imposing a levy on U.S. streamers like Netflix amid a funding crisis for domestic scripted series.
Sir Chris Bryant, the creative industries minister, told lawmakers on Tuesday that “we haven’t got any plans” to follow other European countries in introducing a so-called streamer levy.
Bryant’s evidence to British Parliament’s Culture, Media and Sport Committee means ministers have rejected a proposal from Wolf Hall director Peter Kosminsky, who called on streamers to hand over 5% of their UK subscription revenue to a cultural fund for British content.
Kosminsky, who has met with Bryant, said a levy could help remedy an urgent funding crisis in UK content, which is preventing some greenlit series from entering production.
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