The German government is set to introduce an investment commitment on streaming platforms and TV broadcasters that would oblige them to invest 8% of their revenue in Germany in local content. It has also committed to nearly doubling its funding for the local film industry, the ministry of culture has said.
“This is not a symbol, but a real investment stimulus: for jobs, value creation, and creative excellence,” culture minister Wolfram Weimer said in a statement. Weimer is likely to speak about the changes at the opening of next week’s Berlin Film Festival.
The government proposals state that if the streamers and broadcasters invest 12% or more, they will be exempt from a number of regulations, for example a requirement to produce films in the German language.
More to follow.