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Germany to require streaming platforms to invest in local production
The plan mandates 8% investment in European productions and increases federal film funding to €250 million to support Germany’s TV and film industry revival.
- Requiring streamers to invest at least 8 percent, Germany's Culture Minister Wolfram Weimer unveiled a plan and proposed nearly doubling federal support to €250 million ahead of the February 12 festival.
- Germany's film sector has faced pressure from shifting streamer strategies as rising production costs and declining local investment from global streamers affect the German production industry.
- Streamers must surrender certain producer rights, eliminating work-for-hire contracts, and if investment exceeds 12 percent, it can include non-English language films and series made in Germany.
- Production leaders welcomed the announcement, with Michelle Möntefering, CEO at Produktionallianz, calling it a long-awaited signal and Jörg Bachmaier, Studio Babelsberg CEO, praising its planning security.
- Amid industry criticism, German commercial broadcasters and international streamers attacked the proposals, and VAUNET called them `a bitter disappointment for the media industry`, compared with France's 20 to 25 percent local investment rule.
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23 Articles
23 Articles
Streamers, Networks Call New German Investment Requirements “A Bitter Disappointment”
Local producers have cautiously welcomed the new government guidelines, which will require streamers and channels to invest at least 8 percent of their net local turnover in locally-made content.
·Los Angeles, United States
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The German government promises annual funding of 250 million euros – and risks a conflict with the US President.
·Zürich, Switzerland
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The big streaming services in Germany earn hundreds of millions, but have not paid anything back so far. After massive protest from the film industry, they now have to invest. But Donald Trump of all people could overturn the law.
·Dortmund, Germany
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Total News Sources23
Leaning Left4Leaning Right6Center5Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 27%
C 33%
R 40%
Factuality
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